Korea’s bourse operator said on Oct 30 it is running an emergency team to boost monitoring of the stock market in the wake of the recent rout.
Chaired by the vice chief of the KOSPI Division, the team is tasked with keeping close tabs on market developments and checking relevant factors on a real-time basis for better responses to volatility, according to the Korea Exchange.
“We will strengthen the monitoring of the bourse to curb speculative moves and closely follow how things go in the global stock markets as well,” the KRX said in a release.
It came as the stock market has been on track for the sharpest drop in years on lingering concerns over trade disputes between the United States and China, among others. So far this month, the index has dropped more than 16 percent.
By Song Seung-hyun and newswires (email@example.com