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BOK governor says uncertainties grow over U.S.-China trade talks

2019-05-10 3 Dailymotion

South Korea's central bank held an emergency meeting on Friday morning... to evaluate the impact of U.S.-China trade tensions and North Korea's projectile launch on the country's financial markets.<br />BOK governor Lee Ju-yeol said uncertainties surrounding the U.S.-China trade talks have gone up, affecting global and local financial markets. <br />Korea's benchmark KOSPI plunged three percent on Thursday to close at 21-02, the biggest one-day drop since last October.<br />Though it has rebounded and is up near 1 percent as of 11:30 AM Friday.<br />Recognizing market uncertainties,...the BOK chief said the bank will closely monitor the on-going trade talks between Washington and Beijing... and help stabilize markets through close cooperation with the government. <br />

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