
South Korea’s Ministry of Economy and Finance said it will track whether the recent stock market turmoil spreads into the bond, foreign exchange and money markets, Cailian Press reported. The government and related agencies will step up monitoring of equities and act firmly against any activity that disrupts market order. The ministry said the market’s fundamentals remain sound, citing strong growth expectations, a current account surplus and improving corporate earnings. The statement follows Thursday’s selloff, when the KOSPI closed 7.57% lower and both main indices triggered circuit breakers on the same day for the first time since July 29. Foreign investors have now been net sellers for eight sessions in a row.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Cloud mining is changing the way people participate in cryptocurrency mining by eliminating the need…
The Nasdaq Composite is down today, November 5, as renewed selling in technology and semiconductor…
Qualcomm shares fell more than 12% on Thursday after a soft outlook, leading a broad…
Today’s Bitcoin news shows that price swung wildly yesterday from $75K to $81K before falling…
The crypto rally that followed the US midterm elections has run out of steam. Bitcoin,…
Injective price is showing signs of a recovery after rebounding from the $7 range, with…