South Korea Stock Markets Wobble After Martial Law Turmoil [The New York Times]
Evercore Inc. Class A (EVR)
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Source: The New York Times
South Korean stocks and the country’s currency fell on Wednesday morning after a tense night during which President Yoon Suk Yeoldeclared and then liftedThe benchmark Kospi index fell about 2 percent in early trading in Seoul. Shares of some of South Korea’s biggest companies were down, with Samsung Electronics losing more than 1 percent and LG Energy Solution and Hyundai Motor shedding more than 2 percent.After a steep drop overnight, the South Korean won found its footing somewhat. On Wednesday morning it was trading down by about 1 percent against the dollar since the initial declaration of martial law late Tuesday night.Just before midnight on Tuesday and early in the morning on Wednesday, South Korea’s finance minister, Choi Sang-mok, convened meetings in Seoul with officials from the central bank and key financial regulators. They pledged to meet daily to “establish a constant risk management system” and provide “unlimited liquidity support” until the stock, bond and currency ma
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