Reported about 23 hours ago
South Korean President Yoon Suk Yeol's unexpected imposition of martial law for the first time in over 40 years led to significant turmoil in financial markets, particularly affecting foreign-traded assets and the won. After declaring martial law to counter opposition accusations, market reactions were swift, with losses observed in South Korean ETFs, stocks, and the won, though some stability returned after authorities promised unlimited liquidity and the parliament moved to revoke the decree. This incident has raised concerns about long-term investment risks in Korea amidst increased volatility.
Source: YAHOO