Korea ETFs Drop Sharply After South Korean President Declares Martial Law
Shares of exchange-traded funds that buy stocks in South Korea were dropping sharply Tuesday, after the country’s president reportedly declared martial law.The iShares MSCI South Korea ETF was down more than 6.4%, while the Franklin FTSE South Korea ETF slumped 6% and Matthews Korea Active ETF was down 5.6%, according to FactSet data, at last check.South Korean President Yoon Suk Yeol on Tuesday declared an “emergency martial law." The president accused the country’s opposition of controlling pa