[Seoul Foreign Exchange Market Closing]Wash Nomination, Foreign Sell-Off Trigger Sharp Surge—Up 24.80 Won

The dollar-won exchange rate surged 24.80 won to 1,464.30 as Kevin Warsh’s Fed chair nomination and heavy foreign equity sell-offs triggered risk-off sentiment, sending South Korea’s KOSPI and KOSDAQ sharply lower and fueling further volatility in local and global markets.