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

SeattlePI.com Wednesday, 4 December 2024 ()
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. Yoon revoked the order about six hours later. The won briefly plunged to a two-year low against the U.S. dollar but recovered by early Wednesday. On Tuesday, U.S. stocks tiptoed to more records in a quiet session. The S&P 500 edged up less than 0.1%, setting an all-time high for the 55th time this year. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq added 0.4%.
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Video Credit: Oneindia - Published
News video: VIDEO | South Korean Army Storms Parliament Amid Shocking Martial Law Attempt by President Yoon

VIDEO | South Korean Army Storms Parliament Amid Shocking Martial Law Attempt by President Yoon 03:03

Shocking footage reveals South Korean troops storming the National Assembly in Seoul during President Yoon Suk Yeol's short-lived attempt to impose martial law. The dramatic scenes unfold as security cameras capture military helicopters arriving overnight and soldiers attempting to enter the...

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