Sunken Treasure Ship Discovery Reports Roil Some Korean Stocks
- Several media outlets reported discovery of sunken warship
- Financial regulators warned investors not to rely on reports
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It doesn’t take much to rev up the imaginations of South Korean day traders. And when rumors were fanned that a ship carrying $132.5 billion of gold had been found off the country’s coast, minds started to race.
Regulators are suggesting that people get a grip.