South Korea's Lee Calls Stock Market Unstable After Historic Surge
Updated
Updated · Bloomberg · Jul 15
South Korea's Lee Calls Stock Market Unstable After Historic Surge
1 articles · Updated · Bloomberg · Jul 15
Summary
Lee Jae Myung said South Korea's stock market is "quite unstable" after wild swings drew criticism of his administration.
At a policy meeting in Seoul on Wednesday, Lee said the market had posted a historically unprecedented surge in a short period and would need time and fluctuation to stabilize.
The volatility has been blamed by some critics on leveraged products, turning the market's rapid rise into a political issue for Lee's government.