South Korea pledged on Tuesday to temporarily tighten stock short-selling rules to stabilise local financial markets, Finance Minister Hong Nam-ki said at a scheduled meeting. Hong said the Financial Services Commission will announce details of the strengthened regulations after local financial markets close at 3:30 pm (0630 GMT). Key notes South Korea is to temporarily tighten stock short-selling regulations. The Finance Minister is to announce details after local financial markets close on Tuesday. FX implications The Korean won dropped more than 1% against the US dollar in the turmoil pertaining tot he coronavirus. This is prompting South Korea’s finance ministry to issue a verbal warning against “excessive” movements in the currency market. “We’re closely monitoring speculative transactions that seems to be taking advantage of unstable market sentiment. The herd-like behaviour seems excessive short-term,” a finance ministry official told Reuters FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI Price Analysis: Buyers will look for entry beyond $42.60 FX Street 3 years South Korea pledged on Tuesday to temporarily tighten stock short-selling rules to stabilise local financial markets, Finance Minister Hong Nam-ki said at a scheduled meeting. Hong said the Financial Services Commission will announce details of the strengthened regulations after local financial markets close at 3:30 pm (0630 GMT). Key notes South Korea is to temporarily tighten stock short-selling regulations. The Finance Minister is to announce details after local financial markets close on Tuesday. FX implications The Korean won dropped more than 1% against the US dollar in the turmoil pertaining tot he coronavirus. This is prompting South Korea’s finance ministry to issue a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
