Vice Minister of Economy and Finance: "24-Hour Financial Market Monitoring System to Continue Operation"
Kim Beom-seok, First Vice Minister of Strategy and Finance, instructed on the 3rd to "operate a 24-hour market monitoring system with heightened vigilance" regarding the U.S. announcement of reciprocal tariffs.
After the market closed that day, Vice Minister Kim held a conference call with departments in the Ministry of Strategy and Finance responsible for the financial, foreign exchange, and government bond markets to review the market situation, stating, "Due to changes in the trade environment and concerns about economic slowdown, high volatility in the domestic financial and foreign exchange markets may continue for the time being."
The Ministry of Strategy and Finance assessed that despite the reciprocal tariff imposition measures, the stock, foreign exchange, and bond markets generally showed limited volatility.
The KOSPI index closed down 0.76% at 2486.70. The weekly trading rate of the won/dollar exchange rate ended at 1467.0 won, up 0.4 won. In the bond market, both short- and long-term interest rates generally declined due to strengthened preference for safe assets.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
