The South Korean won dropped to a more than two-year low against the U.S. dollar on Tuesday, while exchange traded funds linked to South Korean stocks fell after President Yoon Suk Yeol declared martial law in an unannounced late-night address live on YTN television.

South Korean markets recover after President Yoon Suk Yeol's martial law declaration is reversed by unanimous parliamentary vote. ETFs and currency rebound.

The Korean won rebounded from a two-year low on Tuesday after President Yoon Suk Yeol lifted martial law, following unanimous opposition in South Koreas parliament. The policy reversal helped ETFs linked to the