May 9, 2025
World

South Korean stocks fall due to martial law, national assembly’s rejection

South Korean stocks declined during trading on Wednesday, following the political uncertainty caused by President Yoon Suk-Yeol's declaration of martial law in the country.The Korea Composite Stock Price Index (KOSPI) opened lower on Wednesday due to the political uncertainty over the fallout from the declaration of martial law and its rejection, Yonhap news agency reported.The KOSPI lost 41.58 points, or 1.66 percent, from the previous day to 2,458.52. The KOSDAQ index of technology companies declined by 13.21 points, or 1.91 percent, to 677.59.President Yoon had declared martial law on Tuesday evening, but it was lifted hours later on Wednesday after the National Assembly voted to reject it.

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