From Financial Modeling Prep: 2024-12-04 05:34:41

Most Asian markets dropped, led by South Korea, due to President Yoon’s martial law decision. The KOSPI index plunged over 2%, causing political unrest and demands for Yoon’s impeachment. Analysts warn of economic consequences and credit rating downgrades.

Asian markets fear regional spillover from South Korea’s crisis, with Japan’s Nikkei 225 and TOPIX index also falling. Prime Minister Ishiba highlights the potential impact on East Asian economy.

Investors await Powell’s guidance on U.S. monetary policy amid global market volatility. South Korea’s political instability poses risks to foreign investment, trade relations, and economic ratings.



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