Stock market: Adjustment phase continues

The Korean stock market has been maintaining an adjustment phase since the announcement of the reduction in the rediscount rate of the Bank of Korea and in the regulated deposit and lending rates at banks and non-banks on January 26, 1992. The market cannot escape from the adjustment phase because t...

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Bibliographic Details
Published in:Business Korea 1993-03, Vol.10 (9), p.66
Main Author: Kim Hak-Kyun
Format: Article
Language:English
Subjects:
Institutional investments
Interest rates
Securities markets
Statistical data
Stock exchanges
Stock prices
Online Access:Get full text
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Summary:The Korean stock market has been maintaining an adjustment phase since the announcement of the reduction in the rediscount rate of the Bank of Korea and in the regulated deposit and lending rates at banks and non-banks on January 26, 1992. The market cannot escape from the adjustment phase because the reduction in interest rates has already been reflected for a long time, and its effect has dissipated. Moreover, many believe that its real impact will take a great deal of time to appear.
ISSN:1016-5304