South Korea says will reply to extra volatility with stabilizing measures

South Korean finance ministry:

• latest market volatility is a bit extreme
• will reply with market stabilising measures

Monetary markets in South Korea have been tumultuous after final week’s coup/cancelled coup.

Monday’s developments:

• South Korea’s benchmark fairness index has fallen to its lowest since late April 2020

• South Korea to announce measures to enhance FX liquidity by finish of 12 months

• South Korean Finance Minister vows daring and swift measures to deal with monetary mkt swings

Financial institution of Korea is the central financial institution of South Korea.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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