# Won plummets, shares dip as impeachment turmoil rattles markets

> The won breached 1,480 per dollar intraday on December 27, the weakest regular-session level since March 2009, before closing at 1,467.50. The drop followed an impeachment motion against acting President Han Duck-soo and strong US jobs data. The government pledged 11.6 trillion won in support spending.

- Date: 2024-12-27 · published 2024-12-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/27188-won-plummets-shares-dip-as-impeachment-turmoil-rattles-markets
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sharp won depreciation raises the cost of imported feed grains and meal for Korean buyers, while strong US data supports the dollar against other currencies.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-27 | [Won plummets as investors flock to safe-haven dollar](https://feedsoft.ai/events/34360-won-plummets-as-investors-flock-to-safe-haven-dollar.md) | +1.1% | +1.1% |
| DXY | 2026-02-02 | [Slump in commodities rattles global markets \| Reuters](https://feedsoft.ai/events/20505-slump-in-commodities-rattles-global-markets-reuters.md) | +0.3% | +0.7% |
| DXY | 2023-09-21 | [Stocks fall, yields rise as central banks rattle markets](https://feedsoft.ai/events/34308-stocks-fall-yields-rise-as-central-banks-rattle-markets.md) | +1.7% | +2.3% |
| DXY | 2021-06-17 | [Global Markets: Tech shares buck trend as hawkish Fed weighs on global stock markets \| Reuters](https://feedsoft.ai/events/46776-global-markets-tech-shares-buck-trend-as-hawkish-fed-weighs-on-global-stock.md) | +1.1% | +1.7% |
| DXY | 2026-02-06 | [DXY surges: Pressure on domestic exchange rates and impact on export markets.](https://feedsoft.ai/events/20922-dxy-surges-pressure-on-domestic-exchange-rates-and-impact-on-export-markets.md) | -0.8% | +0.8% |

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/won-plummets-shares-dip-as-impeachment-turmoil-rattles-markets/12178197

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.