Exchange Holds 'Emergency Market Monitoring Meeting' in Response to Increased Stock Market Volatility
The Korea Exchange announced on June 8 that it held an "emergency market monitoring meeting" in response to increased volatility in both domestic and international stock markets.
During the meeting, participants reviewed the recent sharp declines in the U.S. stock market and overnight futures, and discussed future measures for market management.
The Exchange has decided to take a proactive approach to heightened market volatility and to strengthen its company-wide readiness to ensure stable market operations.
In close cooperation with financial authorities, it plans to closely monitor global stock markets, the situation in the Middle East, and foreign exchange rates, making every effort to maintain stable market operations.
In particular, the Exchange will intensify preventive measures against unfair trading that exploits market uncertainty and expand inspections on illegal short selling.
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Jung Eun-bo, Chairman and CEO of the Korea Exchange, stated, "We must remain vigilant to respond quickly to sudden market changes and do our utmost to ensure stable market operations."
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