
The South Korean government, alongside market leaders, has issued a joint statement addressing anticipated volatility in the financial and foreign exchange markets. They expect this volatility to increase in the short term. In response, the government plans to stabilize market sentiment if necessary. The 5-year government bond sale date remains undecided. Meanwhile, the Kospi index opened higher, starting at 2,420, and has since attempted to rebound to the 2,440 level, with the Kosdaq rising by 1.4%. The market's positive performance comes amid eased concerns regarding U.S. inflation, although South Korea's export momentum is reportedly weakening due to ongoing political turmoil and the return of Donald Trump to power.
South Korea's export momentum is sputtering and may weaken more next year as political turmoil overshadows the economy and Donald Trump returns to power https://t.co/mCEndv0Svg
코스피 상승 폭 키워 2,440대 반등 시도…코스닥 1.4% 상승 https://t.co/AC31XTjzxU
South Korea anticipates a rise in financial and foreign exchange market volatility in the near future.