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‘Pandemic’ declared, Asian stocks dramatically fall, won to dollar exchange rate reaches 1,206.5 won

팬데믹 선언에 아시아 증시 급락/달려 환율 1,206.5

 

 Pandemic declared, Asian stocks dramatically fall, won to dollar exchange rate reaches 1,206.5 won

 

The COVID19 has been officially declared as a pandemic. Therefore, the stock markets of the large Asian economies are experiencing a dramatic fall. In addition, the won to dollar exchange rate reached at 1,206.5 won per dollar.

 

As for the Japanese stocks, they decreased by 4.7% to meet 18,499.4 for the Nikkei-225 Stock Average. The Tokyo Stock Price index or the TOPIX also showed a reduction of 4.5%.

 

The Korea Composite Stock Price Index or the KOSPI fell by 4% to break below 1,900 won. Also, the Korea Securities Dealers Automated Quotation or the KOSDAQ decreased by 4.58%.

 

As for Chinese and HongKong stock markets, they also showed dramatic decreases in the range of 1.1 to 4.4% respectively.

 

Moreover, the won to dollar exchange rate at the Seoul Foreign Exchange Market increased by 13.5 won. Therefore, the final rate was at 1,206.5 won per dollar.

 

This is a clear indication of the withholding psychology on risky assets with the COVID19 pandemic being declared by the World Health Organization. 
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