HONG KONG (AP) — Asian markets retreated Wednesday after overnight political drama in South Korea added to regional uncertainties, though the Kospi in Seoul fell less than 2%.
U.S. futures and oil prices rose.
South Korea President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night, prompting troops to surround the parliament. Yoon accused pro-North Korean forces of plotting to overthrow one of the world’s most vibrant democracies. The martial law declaration was revoked about six hours later.
On Wednesday, South Korea’s main opposition party called for President Yoon to resign immediately or face impeachment.
Yoon’s move initially caused the won to plummet to a
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