Market Chatter: Bank of Korea Warns of Continued Volatility from Trump Tariffs

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Market Chatter: Bank of Korea Warns of Continued Volatility from Trump Tariffs

MT Newswires Live04-08

The Bank of Korea on Monday warned of extended financial market instability as US President Donald Trump's new tariffs, including a 25% duty on South Korean goods, are rattling global trade, Yonhap News reported the same day.

The tariffs, part of Trump's reciprocal trade push, led to sharp losses in domestic markets, with the Korea Composite Stock Price Index, or Kospi, plunging over 4% and the won nearing 1,470 per dollar--its weakest level since 2009, the report said.

Bank of Korea's Deputy Governor Ryoo Sang-dai urged 24-hour monitoring and swift stabilization measures, citing heightened uncertainty around US trade policy, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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