South Korea’s top finance officials warned on Friday that tensions with North Korea could have a prolonged impact on markets and vowed to ensure stability, as the standoff threatened to put an additional drag on Asia’s fourth-largest economy.
At an emergency meeting to tackle the effects of the crisis, they promised to take swift and strong action should the markets lose stability. Reports of another meeting with the central bank chief attending boosted investors’ expectations of an interest rate cut next week.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1207553/south-korea-warns-prolonged-north-korea-impact
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