The South Korean government stated that it will provide unlimited liquidity to the market when necessary

2024-12-03 23:51:57

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ChainCatcher news, according to Jinshi reports, the South Korean government stated that it will provide unlimited liquidity to the market when necessary.

Brad Bechtel, Global Head of Foreign Exchange at Jefferies, stated that the South Korean leadership has used this practice in the past during significant political turmoil or power transitions, but it remains concerning. He believes that the Korean won will temporarily remain volatile. This will largely depend on the reaction of overseas investors to the South Korean stock market. If they begin to sell off in large amounts, the USD/KRW may rise to 1450.

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