Table of Contents
Asian stocks slide as South Korea’s martial law declaration sparks investor caution. Learn about the Kospi Index falls and market impacts.
Kospi Index Falls Amid Political Turmoil
The Kospi Index dropped 2.3% after South Korea’s brief martial law declaration. The iShares MSCI South Korea ETF also sank 7.1% in US trading.
Market Reactions Across Asia
Shares fell in Sydney and Tokyo, while Samsung Electronics tumbled 3%. The Bank of Korea convened an emergency meeting to stabilize markets.
Global Economic Implications
Investors are monitoring the People’s Bank of China’s currency fixing and US payroll data for Federal Reserve rate cut cues, impacting broader markets.