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

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


meanwhile the Bank of Korea pointed out
there’s a possibility of increased volatility in the local financial and
foreign exchange market due to the u.s. Iran standoff after a meeting Wednesday
to gauge the possible impact of the Middle East tensions the BOK Val to
monitor the situation around the clock but added many analysts believe the
conflict will not lead to an all-out war the central bank will closely cooperate
and share information on market conditions with the government and take
measures to stabilize markets if necessary the benchmark Kospi fell over
1.1 percent while the tech-heavy kosdaq yet almost 3.4 percent the korean won
closed at 1170 0.81 against the greenback down 4.41 from the previous
sessions close

Leave a Reply

Your email address will not be published. Required fields are marked *