imageEconomic Indicators3 hours ago (Feb 27, 2020 06:31PM ET)

SEOUL (Reuters) – South Korea’s vice finance minister on Friday vowed to deploy “all possible measures” to stabilize financial markets as he sees economic indicators from production to consumption dwindling from the increasing number of new coronavirus infections.

Speaking before a policy meeting in Seoul, Kim Yong-beom said the government plans to include support measures for businesses hit by the virus outbreak as it drafts supplementary budget.

South Korea reported 505 additional coronavirus infections in its largest daily increase on Thursday, taking the national tally to 1,766.

South Korea vows to calm markets, sees virus slamming economic data

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.