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

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World News Notícia

Washington News,Donald Trump,Yoon Suk Yeol

Asian markets are mostly lower after overnight political drama in South Korea added to regional uncertainties.

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Yoon's move initially 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 1,414.43 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.

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