Stock market today: Asian stocks slide after South Korea's political drama, but Kospi falls only 2% [Yahoo! Finance]
Barclays PLC (BCS)
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Source: Yahoo! Finance
U.S. futures rose while oil prices were little changed. South Korea President Yoon Suk Yeol suddenly declared martial law on Tuesday night local time, prompting troops to surround the parliament. He accused pro-North Korean forces of plotting to overthrow one of the world's most vibrant democracies. The martial law was revoked about six hours later. On Wednesday, South Korea's main opposition party called for President Yoon to resign immediately or face impeachment. Yoon's move initially caused the won to plummet to a two-year low against the U.S. dollar, with losses of up to 2%, the sharpest one-day drop since the market's seismic reaction to Donald Trump's 2016 election victory. The won recovered some of those losses on Wednesday. The dollar was trading at 1,414.43 won, down from Tuesday's peak at 1,443.40. South Korea's Kospi lost 1.9% to 2,451.64. Shares of Samsung Electronics, the country's biggest company, fell 1.1%. Meanwhile, the country's financial regulator said the
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- 11/15/24 - Form 13F-HR
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