Asia stocks drop as S. Korea shares fall to 1-yr low on deepening political crisis

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Asia stocks drop as S. Korea shares fall to 1-yr low on deepening political crisis

Investing.com-- Most Asian equities were lower on Monday as South Korean shares plunged to their lowest levels in more than a year on deepening political unrest in the country, while investors assessed key economic data releases from China and Japan.

South Korea’s political crisis deepened as prosecutors launched a criminal investigation into President Yoon Suk Yeol on Sunday, over his attempt to impose martial law in the country. The political instability in South Korea has kept investors on the edge, as any escalations could have ripple effects all over Asia. data showed that Japanese economy grew slightly more than expected in the third quarter. However, the reading was well below prior quarter’s rise.in November also remained subdued, despite a mild improvement in business activity.

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