Immediately after the pronouncement of President Yoon Suk-yeol's impeachment, the won-dollar exchange rate sharply fell by over 30 won compared to the previous day.

On April 4th, at 11:22 AM in the Seoul foreign exchange market, the won-dollar exchange rate recorded 1436.35 won. This is a sharp decrease of 30.65 won from the previous day's closing price.

The won-dollar exchange rate started the day at 1450.5 won, down 16.5 won from the previous day's close (1467.0 won). It steadily declined from the opening, falling to the 1430 won range ahead of the impeachment ruling. The exchange rate, which stood at 1438.9 won at 10:59 AM, just before the impeachment decision, fell further immediately after the Constitutional Court's decision to uphold the impeachment.

This drop is attributed to the weakening of the dollar due to increased concerns about a U.S. economic slowdown following U.S. President Donald Trump's mutual tariff measures. Additionally, the resolution of uncertainty following the impeachment approval appears to have influenced the exchange rate decline.

Immediately after the impeachment, the KOSPI also approached the 2500 mark. As of 11:23 AM, the KOSPI recorded 2495.32, a 8.62 point (0.35%) increase from the previous day. Despite foreign investors' net selling, strong buying by individual investors is mitigating the losses.

Orient Precision, a prominent "Lee Jae-myung-related stock," is trading at 17,620 won, up 2080 won (13.38%) from the previous day immediately after the impeachment ruling. Representative Lee Jae-myung declared his presidential candidacy at Orient Precision's watch factory. On the other hand, NE Neungyul, a "Yoon Suk-yeol-related stock," hit the lower limit at 3500 won, down 1500 won (-30%) from the previous day at 11:22 AM, the time of the impeachment announcement.

[ⓒ Global Economic Times. 무단전재-재배포 금지]