Korea Plans to Boost Overnight Won Liquidity Post Spread Blowout [Yahoo! Finance]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
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Source: Yahoo! Finance
Most Read from Bloomberg As Wars Rage, Cities Face a Dark New Era of Urban Destruction Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams When South Korean President Yoon Suk Yeol late Tuesday night shocked the country by briefly imposing martial law, the gap between bid and offer prices in the spot market widened to as much as 16 won and remained elevated through the night, according to data compiled by Bloomberg. That compared to about 2.5 won for the non-deliverable forward market, another venue for betting on Korea's currency. Liquidity has tended to fall during late night hours, and given the shock, some impact was probably inevitable, said Kim Hee Jae, director of the finance ministry's currency market division. “Apart from that, we've been mulling measures to boost liquidity at night, and plan on announcing them within this year,” Kim said in a phone call, without providing further details. Keeping liquidity alive during late-night hours for the Korean
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SHG
Sec Filings
- 12/9/24 - Form 6-K
- 12/9/24 - Form 6-K
- 12/6/24 - Form 6-K
- SHG's page on the SEC website