South Korea-related assets plunge, with the won falling to a two-year low

Odaily Odaily News: After the South Korean president announced martial law, South Korean-related assets plummeted, triggering investor concerns about political instability and turmoil. The iShares MSCI South Korea ETF fell 5.1% in the U.S. market, the biggest single-day drop since August 5. The won fell to its lowest level against the U.S. dollar in more than two years. Samsung Electronics, listed in London, fell 5%. Arup Chatterjee, a strategist at Wells Fargo in New York, said that in recent weeks, domestic uncertainty in South Korea has increased under external pressure as the market began to digest the possibility of higher U.S. tariffs under the new Trump administration. Other South Korean company ADRs also fell. Coupang Inc. fell 6.9% in U.S. stocks, and Posco Holdings Inc. and KB Financial Group Inc. also fell. (Jinshi)