The dollar index is over 101 and the national treasury bond yield hit 4.7, at which point the won exchange rate fell by 10 won.
Foreigners are selling nearly 3 trillion won today, but the won-dollar exchange rate remains stable by 10 won.
There are many factors, but I think the point is this.
Whether foreigners sell and convert to dollars or not.
Looking at the recent exchange rate movements after the SK ADR ended, I think we can see a positive signal that the dollar is not falling.
In the past, when foreigners sold 2 trillion won or 3 trillion won, there was a tendency for both stock prices and exchange rates to rise together.
This could be attributed to foreign buying inflows over the last five trading days,
but looking at this data today, I keep thinking that foreigners are selling but not withdrawing their funds.
"What does that mean?"
Well, I just think they're going to buy again. Haha. It might be a kind of hope torture.
However, as many people have pointed out, there is an opinion that foreigners + institutions (bastards) are playing to scare individual investors into cutting their losses at around 7,000. I think some people have already had this opinion for several days. Maybe we're witnessing this pre-announced play right now.
Anyway, no matter how brilliant the plays of foreigners or institutions are, they cannot beat the "time" of individuals.
I hope you will step away from thinking about how much you lost today and trust in time.
Personally, when I'm like this, I just look at the number of stocks. Ah, because I didn't sell today, the number of stocks is the same? Haha.
