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Seoul stocks sink amid S. Korea drama as Asian markets mixed

14 Sept 01:51 Key points summarised by AI

South Korean President Yoon Suk Yeol dramatically declared martial law overnight before reversing the decision hours later, sparking a major political crisis.
The sudden instability caused Seoul's Kospi index to sink over one percent and the won to tumble before rebounding, reflecting investor anxiety.
The incident fueled impeachment motions from the opposition and widespread protests, raising concerns about prolonged political uncertainty and its potential economic fallout.
Despite government efforts to stabilize markets, analysts warn of continued risk premium and potential vulnerability to future global trade policies amid the political upheaval.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.