Coupang Stock Falls As South Korean President Declares Martial Law

Blockhead12-03

South Korean President Yoon Suk Yeol declared "emergency martial law" on Tuesday, accusing political opposition of plotting an insurgency. Stocks with ties to South Korea, including e-commerce leader ...

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Stocks with ties to South Korea, including e-commerce leader Coupang (CPNG), fell sharply following the president's speech.\n\n\n\n↑\nX\n\n\n\n\nHow To Buy Stocks: Cup-With-Handle Chart Pattern\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nHow To Buy Stocks: Cup-With-Handle Chart Pattern\n\n\n\n\nYoon accused the opposition party, which controls the country's National Assembly, of holding the country hostage, according to the Wall Street Journal.\nYoon's speech came after the largest stock market in South Korea, the KRX, closed. But exchange-traded funds designed to track South Korean equities fell in early U.S. trading Tuesday. The iShares MSCI South Korea ETF (EWY) is down 5.5% in recent action.\nCoupang Stock Slides\nShares of Coupang, which is based in Seattle but operates South Korea's largest e-commerce marketplace, fell more than 5% in heavy volume to 23.40. 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