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

한은 "금융•외환 변동성 확대 가능성…필요시 시장안정 조치"

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 vowed 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-point-1 percent,... while the tech-heavy KOSDAQ shed almost 3-point-4 percent.
The Korean won closed at 1-thousand-1-hundred-70-point-8 won against the greenback,... down 4-point-4 won from the previous session's close.

#BOK #financial #U.S.

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