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Holiday decorations are shown in front of the New York Stock Exchange in New York's Financial District on Tuesday, Dec. 3, 2024. Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 3, 2024. – Global stocks were mixed Wednesday after overnight political drama in South Korea added to regional uncertainties, though the Kospi in Seoul fell less than 2%.Germany’s DAX added 0.4% to 20,100.
Yoon's move caused the won to plummet to a two-year low against the U.S. dollar, with losses of up to 2%, the sharpest one-day drop since the market’s seismic reaction to Donald Trump’s 2016 election victory. The won recovered some of those losses on Wednesday. The dollar was trading at 1,412.87 won, down from Tuesday's peak at 1,443.40.
On Tuesday, U.S. stocks tiptoed to more records, tacking a touch more onto what’s already been a stellar year.