South Korea stocks fall after downbeat industrial data, worsening political turmoil and Jeju Air crash

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Asia-Pacific markets opened lower on the penultimate trading day of this year, after Wall Street declined on Friday.

Asia-Pacific markets traded lower on the penultimate trading day of 2024, after Wall Street declined on Friday.

South Korea's country's industrial output contracted 0.7% on a monthly basis in November, greater than the 0.4% decline expected by Reuters. The country's parliament on Dec. 27 voted to impeach acting President Han Duck-soo, not long after President Yoon Suk Yeol got impeached as a result of his brief martial law decree.occurred on Sunday, claiming 179 lives when a Jeju Air plane crashed into a wall at Muan International Airport, bursting into flames. Shares of Jeju Air dropped 13% at the open.in November, greater than the 0.4% decline expected by Reuters. On an annual basis, industrial output rose 0.

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