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Asian Stocks Mixed After Wall Street Decline

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Asian Markets,Stock Market,Wall Street

Asian markets showed mixed performance on Monday following a broad drop in US stocks on Friday. South Korea's Kospi rose while shares of Jeju Air plunged after a fatal plane crash. Meanwhile, Tokyo's Nikkei declined as the US dollar strengthened against the Japanese yen.

Asian shares were mixed on Monday after stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. In Asia, South Korea’s Kospi added 0.6% to 2,418.80. But shares of Jeju Air Co. lost 8.8% after one of the company’s jets, slammed into a concrete fence and burst into flames Sunday in South Korea as its landing gear failed to deploy. 179 people died in the crash.

South Korea’s Constitutional Court is set to vote on Monday to detain impeached President Yoon Suk Yeol. They are investigating whether his martial law decree on Dec. 3 amounted to rebellion. Tokyo’s Nikkei 225 index lost 0.9% to 39,914.21 as the dollar gained against the Japanese yen, trading at 157.83 yen, up from 157.75 yen

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