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South Korea responded to today's significant downward trend in the stock market, pointing out its "excessive" nature and stating that it will closely monitor the foreign exchange and stock markets. At the same time, South Korea emphasized that if the situation requires it, it will not hesitate to quickly take a series of market stabilization measures to ensure the smooth operation of the market.
1. Response to the stock market decline: South Korea expressed concern about today’s downward trend in the stock market and specifically pointed out that this decline was “excessive.” This shows that South Korean officials believe that the stock market's decline is beyond the normal range and may have an adverse impact on market stability.
2. Closely monitor the market: In response to abnormal fluctuations in the stock market, South Korea stated that it will closely monitor the foreign exchange and stock markets. This means that South Korean officials will pay close attention to market dynamics in order to promptly detect and respond to any possible market instability.
3. Take market stabilization measures when necessary: South Korea further emphasized that it will quickly take a series of market stabilization measures once the market situation requires it. This shows that South Korean officials are ready to take action to maintain the smooth operation of the market. These measures may include adjusting monetary policy, providing liquidity support, strengthening market supervision, etc.
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