FSS "strictly deal with North Korea risks related malicious rumors diffuser"

[Goyounghun financial newspaper reporter Korea] emphasized that the FSS 11 days "will deal strictly against North Korea risk related malicious rumors distributors."

Jin Ungseop chapter FSS day recently to check the situation, held the emergency meeting market check "regarding the Korean Peninsula geopolitical risks and discuss countermeasures. Yesterday some media came out in the press sikyeotdaneun the securities information in North Korea and Kim Jong Un mangmyeongseol attack scenario, the United States contained oozing dampened investor sentiment.

Kospi fell 0.9% yesterday, but the North Korean concerns such as risk, and is today the market showed a stable approximately flat. Currency ended unchanged without significant movement yesterday North Korea risk, foreign net selling stocks such as 7.7 won (+ 0.7%), but the rise has today. NDF exchange rate closed at 1143.0 won to 0.8 won had raised rates compared to the previous day closing price (1142.2 won).

Treasury bonds (3 years) interest rates have showed a 4bp flat, today has but rising US bond yields rise (+ 4bp) effect, foreigners, but net sold the 104800000000-10 won the stock market, the day switched to 38.6 billion won net buyers yesterday did.

The bonds yesterday after a 28.4 billion won net long positions, being net buyers of 24.1 billion won today.

Credit default swap (CDS) is a geopolitical He recorded a slight rise (1.9bp) was 53.4 to 95.8% risks are commercial banks, regulatory ratios (60% work in a special bank 94.8% in March foreign currency liquidity coverage ratio (LCR), special 40%) was significantly exceeded. Foreign currency debt plus average interest rate of domestic banks has continued to stabilize in the short term trend 0.0bp, long-term 65.5bp.

The main and IB are still reported as missing until much later signs in the domestic foreign exchange market and the money market in connection with the North Korean situation, the position was not specifically respond to the moment.

Major domestic securities firms are likely to fall short of the stock market, but can not rule out, in the past the uncertainty caused by the North Korean risks are analyzed did not exceed the normal week. In addition, sustained corporate earnings expectations due in the first quarter earnings season is predicted that further downside is limited.

If you followed the FSS chapters are about unfair trade leads are captured, etc. "We will strictly deal for spreading false rumors in the stock market behavior in order to prevent the generation and expansion of malicious rumors unfounded" and "stocks to skyrocket and some defense contractors quickly will examine measures, "he said.

Also, he said: "We work closely with related agencies such as the Financial Services Commission will strengthen the enforcement activities on illegal activities such as unfair trade practices in connection with the short sales and to monitor future trends by foreign capital investment entity".

In addition it plans hagetdaneun strengthen monitoring on a daily basis for foreign currency borrowings and foreign currency liquidity situation in the domestic banking conditions and under precise conditions of uncertainty is amplified so that investors are not misled by rumors and unverified facts or lead to provide objective information.



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