South Korea's President Declares Martial Law, Says Nation On 'Edge Of Collapse'; Korean Stocks Fall

Blockhead12-04

South Korea President Yoon Suk Yeol's decision to declare martial law Tuesday, giving the president and the military broad authority over public life, affected several South Korean companies and ETFs ...

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become a monster undermining liberal democracy, and the nation is in a precarious state, teetering on the edge of collapse,\" the president added Tuesday.\n\n\n\n↑\nX\n\n\n\n\nTrump Wants To Increase Tariffs On Trading Partners. What That Plan Means For Investors.\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nTrump Wants To Increase Tariffs On Trading Partners. What That Plan Means For Investors.\n\n\n\n\nThe National Assembly voted to end the martial law, just three hours after the president invoked the measure. Under South Korea's constitution, the president must comply.\nBut South Korean troops were seen trying to enter the parliament, Reuters reported.\n\nCoupang Falls As South Korean Leader Declares Martial Law\n\nSouth Korea ETFs, Stocks\nKorean ETFs plunged at the open in U.S. trading, though most came off lows.\niShares MSCI South Korea (EWY) fell 2.8% intraday and Franklin FTSE South Korea (FLKR) dropped 2.4% during market action on Tuesday. Both hit two-year lows earlier.\n\nMatthews Korea Active (MKOR) declined 2.5% and JAKOTA K-Pop and Korean Entertainment (KPOP) sank 1.7%.\nPOSCO Holdings (PKX), a steel products maker, fell 4.8%.\nMeanwhile, banking stock KB Financial (KB) declined 2.4% and Woori Financial (WF) dropped 1.6% while Shinhan Financial (SHG) fell just a fraction.\nKorea Electric Power (KEP) also declined 2.9% and SK Telecom (SKM) gave up 2.1%.\nHowever, while South Korea stocks and ETFs traded lower, companies with significant exposure to South Korea were more mixed.\nTexas Instruments (TXN) fell 1.5% while Qualcomm (QCOM) edged lower. Taiwan Semiconductor Manufacturing (TSM) edged up 0.3%. Nvidia (NVDA) was flat Tuesday.\nSouth Korea-based SK Hynix is a major chip supplier to Nvidia and is the second largest memory-chip maker in the world.\nPlease follow Kit Norton on X @KitNorton for more coverage.\nYOU MAY ALSO LIKE:\nIs Tesla Stock A Buy Or A Sell?\nGet Full Access To IBD Stock Lists And Ratings\nLearning How To Pick Great Stocks? Read Investor's Corner\nAI Is Fueling A 'Nuclear Renaissance.' Bill Gates And Jeff Bezos Are In The Mix.\nThe Lithium Price Cycle Has Bottomed. What To Expect Next For These Stocks.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488979719"}