South Korea’s Ministry of Economy and Finance said Finance Minister Koo Yun-cheol held an emergency meeting with the Bank of Korea governor and the heads of financial regulators to respond to recent sharp swings in the country’s stock market. According to Odaily, the government said it will closely monitor risk factors that could increase market uncertainty and will seek to prevent volatility from widening further.
The ministry said recent turbulence has been driven by foreign and institutional profit-taking, revised expectations for AI-related stocks, and portfolio rebalancing. It added that the KOSPI index briefly triggered a circuit breaker this week on Monday for the sixth time this year.
In a government statement, officials said excessive concentration in the semiconductor sector has become a key factor amplifying financial market volatility, and that fluctuations in chip stocks are increasingly transmitting to the broader market.
STOCKS | South Korea Holds Emergency Meeting After Stock Market Volatility
2026-07-08 03:13:49
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