Stock market today: Asian stocks slide after South Korea's political drama, but Kospi falls only 2%

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South Korea Nouvelles

Yoon Suk Yeol,Financial Markets,General News

Asian markets are mostly lower after overnight political drama in South Korea added to regional uncertainties. Seoul's Kospi fell less than 2%. U.S. futures rose while oil prices were little changed. South Korea President Yoon Suk Yeol suddenly declared martial law Tuesday night, prompting troops to surround the parliament.

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 3, 2024. A person rides a bicycle in front of Tokyo Stock Exchange building Tuesday, Dec. 3, 2024, in Tokyo. Holiday decorations are shown in front of the New York Stock Exchange in New York’s Financial District on Tuesday, Dec. 3, 2024.

South Korea’s Kospi lost 1.9% to 2,451.64. Shares of Samsung Electronics, the country’s biggest company, fell 1.1%. Meanwhile, the country’s financial regulator said they were prepared to deploy 10 trillion won into a stock market stabilization fund at any time, the Yonhap news agency reported.to the United States of gallium, germanium, antimony, and other key high-tech materials with potential military applications. Beijing took the measure after the U.S.Hong Kong’s Hang Seng added less than 0.

On Tuesday, U.S. stocks tiptoed to more records, tacking a touch more onto what’s already been a stellar year. at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group., which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October.

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Stock market today: Asian stocks slide after South Korea's political drama, but Kospi falls only 2%Asian markets are mostly lower after overnight political drama in South Korea added to regional uncertainties.
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