23 C
Dubai
January 21, 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.

Related posts

Biden alarmed at Georgia’s disputed election and ‘Russian laws’

Syria rebels enter Aleppo city, reports say

Russia pounds Ukraine power grid

Australian towns evacuated over Christmas as fires rage

Childcare worker who abused more than 60 girls jailed for life

Entire generation in Gaza would lose education if UNRWA collapses, says UN

Leave a Comment