Seoul: The South Korean currency fell to the lowest in over two years against the U.S. dollar on Tuesday, moving in tandem with other currencies due to broader implications of Donald Trump's presidential victory on the financial and industrial sectors. The Korean won opened at 1,399.1 won at 9 a.m., down 4.4 won from the previous session, and slid further to be quoted at 1,403.5 won to the dollar at 3:30 p.m. According to Yonhap News Agency, this marked the first time since November 7, 2022, that the local currency breached the psychologically important 1,400 won level. In a bid to stabilize the currency, South Korea had previously extended the onshore foreign exchange trading hours from 9 a.m. to 2 a.m. the following day, as opposed to the current 3:30 p.m. close. The stronger dollar globally is attributed to Trump's promises to impose high tariffs on imported goods, implement protectionist measures, and introduce tax cuts. Experts indicate these policies could lead to an increased budget deficit, higher i nflationary pressure, and a slowdown in the Federal Reserve's rate-cutting moves. In light of the post-election volatility, experts speculate that the won could potentially slide further to the 1,450 level before the end of the year.