Reported 3 days ago
South Korean stocks and the won have significantly declined as a political crisis intensifies, with the Kospi Index falling 2.8% and the won nearing its lowest value since 2009. The turmoil follows the failed impeachment motion against President Yoon Suk Yeol and heightened investor uncertainty regarding the country's leadership. Amidst calls for Yoon’s resignation and street protests, financial authorities are attempting to stabilize the market through a substantial fund to support 'Value-Up' stocks, while concerns grow over the effectiveness of these measures in light of ongoing political instability.
Source: YAHOO