TechFlow news, on December 3, according to Jinshi Data, after the South Korean president declared martial law, related assets in South Korea plummeted, triggering investor concerns over political instability and turmoil. The iShares MSCI South Korea ETF fell 5.1% in the U.S. market, marking its largest single-day drop since August 5. The won weakened against the dollar to its lowest level in over two years. Samsung Electronics shares listed in London dropped 5%.
Arup Chatterjee, a strategist at Wells Fargo in New York, said that in recent weeks, as markets began pricing in the possibility of higher U.S. tariffs under the incoming Trump administration, domestic uncertainties in South Korea have intensified under external pressures. Other South Korean company ADRs also declined. Coupang Inc. fell 6.9% in U.S. trading, while Posco Holdings Inc. and KB Financial Group Inc. also saw losses.
