Bloomberg (December 4)
2024/ 12/ 05 by jd in Global News
President Yoon’s short-lived imposition of martial law “sparked chaos… sending the won and South Korea-related exchange-traded funds sharply lower overnight. While extreme jitters dissipated as financial authorities swiftly vowed to provide ‘unlimited liquidity,’ damage has been done to investor perception of South Korea’s financial markets.” The episode is “a setback to the nation’s ongoing push for upgrades to developed market status in global indexes.”
Tags: Chaos, Damage, ETFs, Financial authorities, Financial markets, Global indexes, Investor perception, Jitters, Martial law, South Korea, Status, Unlimited liquidity, Won, Yoon
