KOSPI Falls 0.88%
[Asia Economy Reporter Park Jun-yi] On the 6th, the won/dollar exchange rate rose and closed in the 1218 won range.
On that day, in the Seoul foreign exchange market, the won-to-dollar exchange rate closed at 1218.3 won per dollar, up 5.6 won from the previous day's closing price.
The exchange rate started at 1219 won, up 6.4 won, rose to 1221.9 won, and then gave up some of the gains in the afternoon.
The exchange rate, which had been stable in recent days, rose again due to the US's tightening forecast and the possibility of additional Western sanctions against Russia.
In the domestic stock market, the KOSPI closed down 0.88% as foreign investors sold nearly 600 billion won net.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
