South Korea's martial law crisis is worsening the 'Korea discount' in stocks [Yahoo! Finance]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Yahoo! Finance
South Korean President Yoon announced martial law late on Tuesday, shocking markets. The Kospi Index slumped as much as 2.2% amid political turmoil and protests against Yoon's decision. South Korean President Yoon Suk Yeol's short-lived martial law announcement is undoing one of his top goals: boosting the value of stocks. On Wednesday, South Korea's Kospi Index fell as much as 2.2% and closed 1.4% lower. The Kospi is already the worst-performing major Asian stock index this year, down about 7%. Shares of Samsung Electronics, South Korea's largest company, tumbled as much as 3% before paring losses. Late on Tuesday, Yoon — who has been under political pressure —declared martial law in a shock address, citing threats from "anti-state forces" and a need to counter North Korea. The stunning announcement triggered market losses in US-listed South Korean stocks and sent the country's currency to a two-year low. Hours later, Yoon reversed his decision on martial law amid prot
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MFG
Sec Filings
- 12/2/24 - Form 6-K
- 11/29/24 - Form 6-K
- 11/14/24 - Form 6-K
- MFG's page on the SEC website