Bank of Korea to monitor financial markets on U.S.-Iran standoff

Bank of Korea to monitor financial markets on U.S.-Iran standoff


South Korea’s central bank says there’s
a possibility of increased volatility in the local financial and foreign exchange
market due to the US Iran standoff after meeting today to gauge the impact the
Middle East tensions could have on local markets the Bank of Korea said it will
be monitoring the situation around the clock but added that the prevailing view
is that the conflict will not lead to an all-out war it said it will closely
cooperate and share information on market conditions with the government
and take measures to stabilize markets if necessary
South Korea’s benchmark Kospi fell over 1.1 percent while the tech-heavy kosdaq
said almost 3.4 percent the korean won closed at 1,100 17.8 won against the US
dollar down 4.41 from the previous sessions clothes

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