South Korea's stock market crashes after president declares then reverses martial law.

South Korea's stock market plummeted after President Yoon Suk Yeol's declaration of martial law, which was later reversed following a parliamentary rejection. The KOSPI index fell nearly 2%, making it the worst performing major stock market in Asia this year. The South Korean Finance Ministry pledged "unlimited" liquidity to stabilize markets, and the Bank of Korea held an emergency meeting. The political turmoil in South Korea, along with concerns in France, heightened global market uncertainties.

December 03, 2024
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