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Kospi heavyweight stocks fall in volatile trade after President Yoon's martial law flip-flop

3 December 2024
in World
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Kospi heavyweight stocks fall in volatile trade after President Yoon's martial law flip-flop
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South Korean heavyweight stocks fell in a volatile trading session amid President Yoon Suk Yeol’s reversal of a martial law decree, prompting Vice-Minister Kim Byung-hwan to announce a readiness to deploy 10 trillion won for market stability. Samsung Electronics, LG Energy Solution, and Hyundai Motor saw shares drop, while Naver Corp, Samsung SDI, and SK Hynix also experienced losses. The Bank of Korea and financial regulator took measures to stabilize markets following the political upheaval, which led to significant fluctuations in South Korean stocks in the U.S. overnight.

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Tags: Asia Economybusiness newsfallflipflopheavyweightiShares MSCI South Korea ETFKospiLawmartialpresidentStockstradevolatileYoon039s
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