S. Korean FinMin: Will intervene in markets if necessary
|South Korea Finance Minister Hong Nam-ki said on Tuesday, they will intervene to stabilize markets if necessary.
Additional comments
“Will take measures to stabilize markets if needed.”
“Will increase monitoring of markets.”
“Market volatility may rise on US elections approach, virus developments.”
Market reaction
USD/KRW is consolidating the bounce from two-week lows of 1,156.99. The spot, currently, trades at 1,161.74, up 0.40% on the day, as the South Korean won tumbles on currency jawboning.
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