Forex News

Finance authority ask institutional investors to refrain from market-destabilizing trading

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Yonhap with this from South Korea:

  • According to the sources, the Financial Services Commission, the Financial Supervisory Service and the finance ministry held a hastily arranged meeting Thursday in Seoul with officials from around 10 major institutional investors.
  • “It was a meeting where we asked for their restraint from excessive trend-following trading and redemption that exceeds ordinary levels,” said an anonymous official

Link to Yonhap is here for more.


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