Seoul markets to close on election day

Korea’s stock, bonds and foreign currency markets will be closed on Wednesday, as the nation goes to polls to elect members of the parliament. 

Korea Exchange said the one-day closure affects all the exchanges it operates in Seoul, including those for stocks, bonds, exchange-traded funds, foreign exchanges-linked derivatives and commodities like petroleum, gold and emissions. Clearing of over-the-counter derivatives will also halt for the day. 

The markets will resume Thursday.

By Lee Sun-young (milaya@heraldcorp.com)