Foreign investors sell off Korean won after martial law crisis
the emergency martial law situation in South Korea continues. It is reported that the comprehensive stock price index of South Korea has fallen continuously for three days since the martial law situation. Foreign investors have accumulated net sales of more than 1.1 trillion won for three consecutive days, equivalent to more than 5.8 billion yuan. Yesterday, the closing price of the South Korean won against the US dollar was the lowest in more than two years. Citigroup, an overseas investment bank, said that the rise in political risks in South Korea will increase the pressure of capital outflows and bring downside risks to the South Korean won. South Korean media describe the current economic situation in South Korea as "being surrounded on all sides".
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