South Korea staged a six-hour martial law last night, and stocks opened lower today (Dec. 4), with the South Korean composite index down 1.97% at 2450.76 points. As of press time, the Korea Composite Index fell 1.95% to 2451.33 points.
After President Yoon Seok-yul announced the implementation of emergency martial law on the evening of Dec. 3, the South Korean financial market was violently shaken, and the exchange rate of South Korean won against the US dollar dropped rapidly, once falling to 1,446 won per US dollar, which was the lowest in more than 15 years. A
fter the President of South Korea announced the lifting of the emergency martial law order, the exchange rate of the won against the US dollar rebounded sharply by nearly 2% to 1,406.35 won per US dollar. Stock market, in the US stock market trading, iShares MSCI Korea ETF day once jumped more than 7%, in the South Korean National Assembly passed the martial law lifting case, the decline has narrowed.
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