The Bank of Korea: Financial Market Volatility May Increase Depending on US President Trump's Health Condition

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Eunbyeol Kim] The Bank of Korea diagnosed on the 4th that financial market volatility could increase depending on the health condition of U.S. President Donald Trump.

On the last day of the holiday, the Bank of Korea held a meeting chaired by Deputy Governor Seunghun Lee in the afternoon to review the trends in international finance and foreign exchange markets during the Chuseok holiday and their impact on the domestic market.

A Bank of Korea official said, "Future domestic and international financial markets could change significantly depending on President Trump's health condition, uncertainties related to the U.S. election schedule, and progress on economic stimulus measures. The Bank of Korea will closely monitor the trends in domestic and international financial markets with vigilance and carefully examine the impact on our economy."

Attending the meeting were Deputy Governor Lee, Director of Monetary Policy Hyung Lee, Director of International Affairs Hyunki Kim, Director of Financial Markets Ingu Kim, Public Relations Officer Youngchul Park, Head of Investment Management Junggyun Wang, Foreign Exchange Market Team Leader Daegun Song, and Market General Team Leader Jehyeon Kim.

President Trump announced via Twitter on the 2nd (local time) that he tested positive for COVID-19. It was reported that President Trump was hospitalized at Walter Reed Military Hospital and received Remdesivir treatment. Through his Twitter and other channels, he also stated that his health had improved significantly and that he would "return soon."

This content was produced with the assistance of AI translation services.