Korea Exchange held an emergency market review meeting to respond to rising volatility in domestic and global stock markets. It reviewed market conditions including a sharp fall in U.S. stocks and overnight futures, and discussed future market management measures.

Korea Exchange said on June 8 it held an "emergency market review meeting" to respond to heightened volatility in domestic and global stock markets.

The meeting reviewed stock market conditions, including a sharp fall in the U.S. stock market and overnight futures the previous day. It also discussed plans for future market management.

The step followed increased volatility in global stock markets and a widening of external variables such as Middle East developments and foreign exchange rates, raising the need for measures to support market stability.

The exchange decided to strengthen an organisation-wide readiness posture to ensure stable market operations and respond pre-emptively to rising stock market volatility.

It plans to closely coordinate with financial authorities and closely monitor market conditions, including global stock markets, Middle East developments and foreign exchange rates. It also plans to ensure stable operation of its information technology systems and the timely implementation of market stabilisation measures such as sidecar triggers.

It will also strengthen inspections of unfair trading and illegal short selling. The exchange plans to step up preventive activities against unfair trading that exploits stock market uncertainty and expand checks for illegal short selling.

KRX Chairman Jeong Eun-bo (정은보) urged all employees to remain vigilant so they can respond quickly to rapid market changes and to make every effort to ensure stable market operations.