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South Korea's Financial Services Commission (FSC) has described the recent stock market sell-off as 'a bit excessive' and indicated that measures will be taken to stabilize the market if necessary, including the implementation of value-up funds. This statement comes as Goldman Sachs downgraded Korean stocks to market-weight.
Financial authorities say recent stock market plunge excessive, vow implementation of value-up funds https://t.co/9Cyg34Gd4e
*SOUTH KOREA FSC SAYS RECENT STOCK SELL-OFF IS A BIT EXCESSIVE Then *GOLDMAN SACHS DOWNGRADES KOREAN STOCKS TO MARKET-WEIGHT
SOUTH KOREA FINANCIAL REGULATOR: RECENT DECLINES IN STOCKS LITTLE 'EXCESSIVE,' WILL PREPARE MEASURES TO STABILIZE MARKETS AS NEEDED