According to Mars Finance news, after the South Korean president declared martial law, South Korean-related assets plummeted, raising investors' concerns about political instability and turmoil. The iShares MSCI South Korea ETF fell 5.1% in the US market, the largest single-day decline since August 5. The won-dollar exchange rate fell to its lowest level in more than two years.
The share price of Samsung Electronics listed in London fell 5%. Arup Chatterjee, a strategist at Wells Fargo based in New York, said that in recent weeks, as the market began to digest the possibility of the new Trump administration raising tariffs in the United States, the uncertainty within South Korea has increased under external pressure.
Other South Korean company ADRs also declined. Coupang Inc. fell 6.9% in the US stock market, and Posco Holdings Inc. and KB Financial Group Inc. also declined. (Jinshi)
