# Financial authorities fret over growing volatility on Wall Street - The Korea Times

> Korean stocks fell on Wednesday after an overnight Wall Street drop, with the KOSPI closing down 1.22% at 3,060.27 on foreign and institutional selling of large-cap tech shares. The Financial Supervisory Service held its first risk management taskforce meeting and said it would step up monitoring without taking specific action. The falls were linked to US volatility driven by inflation worries and weak consumer sentiment.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/45294-financial-authorities-fret-over-growing-volatility-on-wall-street-the-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Broader risk-off moves in equities and a firmer dollar can weigh on emerging-market currencies and tighten financing conditions for importers, though this article has no direct effect on feed supply or demand.

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20210929/financial-authorities-fret-over-growing-volatility-on-wall-street

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.