South Korea will hold an emergency meeting on Wednesday evening to address
recent sharp stock-market volatility and discuss stability measures, starting
18:00 local time (17:00 Beijing). Finance Minister Koo Yun-cheol will chair;
heads of major financial regulators will attend. Parliament held hearings the
same day where several lawmakers blamed the sell-off partly on single-stock
leveraged ETFs launched in May. Koo apologized, saying regulators should have
done more thorough pre-launch review but that leveraged ETFs were only one of
several factors. He said authorities have implemented a series of measures and
will take further action if necessary to help markets return to normal.
