South Korea finance minister vows response to financial market volatility
News Source : CNA
News Summary
- South Korea's finance minister said authorities would closely monitor risks around domestic stock, bond and foreign exchange markets.
- "Minister Koo Yun-cheol emphasised he will immediately take necessary measures to respond to excessive herd-like behaviour (in the foreign exchange market)," the ministry said in a statement.
- The won cut losses after the statement to trade down 0.3 per cent at 1,523.6 per dollar as of 0020 GMT, after hitting its weakest level since March 31.
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