News flash: South Korea aims to boost stock trading | Financial …

News flash: South Korea aims to boost stock trading | Financial …

Park Geun-hye

South Korean President

South Korea’s FSC is considering doubling the daily stock price movement limit to 30% from 15%, which was last set in 1998.

“The issue was officially discussed at a meeting chaired by President Park Geun-hye yesterday as part of measures to further promote Korea’s service industry including financial services sector,” the FSC said in an email.

“The exact timing and range for expanding stock price limits will be determined later after the FSC gathered opinions from market participants,” it added.

The Kospi advanced on the news, ultimately up 1% with indications that the central bank will cut interest rates.

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News flash: South Korea aims to boost stock trading | Financial …

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