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.
Bitcoin layer-2 network Stacks said 735 BTC entered its Bitcoin staking system across the first…
Australia’s Treasury has released draft legislation to bring the OECD’s Crypto-Asset Reporting Framework (CARF) into…
The world’s leading publicly traded Bitcoin treasury company, Strategy, is among a list of companies…
Google has achieved the “magic state cultivation” breakthrough, once again raising curiosity about the leading…
Russia has banned direct peer-to-peer (P2P) cryptocurrency trading, as well as retail transfers to self-custody…
The US Office of the Comptroller of the Currency expects to publish its final rule…
