South Korea Stocks Slide as President Yoon's Failed Martial Law Bid Stokes Turmoil
A person watches a TV screen broadcasting a news report on South Korean President Yoon Suk Yeol's declaration of martial law and the following announcement that he will lift the martial law, after parliamentary vote, at a railway station in Seoul, South Korea, December 4, 2024. REUTERS/Kim Soo-hyeon
South Korea's Won, Stocks Fall After President Yoon Declares Martial Law
South Korean stocks and exchange-traded funds listed in New York fell, while the won tumbled, after South Korea’s president declared martial law. The won sank more than 1% against the dollar The iShares MSCI South Korea ETF dropped about 2.
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South Korea’s Kospi closed 1.4% lower to 2,464.00. Shares of Samsung Electronics, the country’s biggest company, fell 0.9%.
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