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Stock impact report

Korean Won, Stocks Take Spotlight After Impeachment Vote [Yahoo! Finance]

Shinhan Financial Group Co Ltd American Depositary Shares (SHG) 
US:NYSE Investor Relations: shinhangroup.co.kr/en/invest/main.jsp
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Hong Kong's Expat Party Hub Reshaped by Chinese Influx How California Sees the World, and Itself City Hall Is Hiring American Institute of Architects CEO Resigns London's Tube Fares Are Set to Rise by 4.6% Next Year The Korean won will be the main focus for traders, after its heavy losses during the country's recent political chaos. The currency has lost more than 2% against the greenback since President Yoon stunned markets on Dec. 3 by imposing — and quickly reversing — martial law. The won ended Friday's session at 1,435.45 per dollar. “The impeachment bill's passage will imply that the worst is over for the won in terms of political uncertainty, and markets will finally be able to gauge the direction of the currency,” So Jaeyong, an economist at Shinhan Bank Co., said before the vote took place. “It will help put a cap on the won's losses at around 1,444 per dollar,” he added. The country's stock market has already erased most of its losse Show less Read more
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