Finance minister vows timely actions to ease stock market volatility
The country's finance minister said Friday that the financial authorities will map out measures to help the local stock market be less volatile amid the ongoing tech rout. In an economy-related meeting, Finance Minister Lee Hyoung-il said the U.S. midterm elections are an important watershed for the global economy, saying that overnight falls on Wall Street in the face of tighter regulations on…
The finance minister of South Korea has pledged to enact timely measures to alleviate stock market volatility following recent turbulence in the tech sector. During an economic-related meeting, Lee Hyoung-il emphasized the significance of the U.S. midterm elections as a potential watershed for the global economy, citing the potential impact of tighter regulations on AI-related sectors on the market.
Despite the recent sharp decline in KOSPI-listed shares, Lee expressed confidence in the country's solid economic fundamentals and affirmed the government's commitment to addressing external uncertainties.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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