South Korea declares martial law, the won plummets 2.3%, what should ordinary people do?

President Yoon Suk Yeol suddenly announced martial law, causing a major shock in the financial market.

Once the president announced martial law, the exchange rate of the won against the dollar instantly fell by 2.3%, hitting the lowest point in two years. Investors felt uneasy, fearing that the political situation in South Korea would affect the entire economy, which also triggered a chain reaction in the global market.

Moreover, the MSCI South Korea ETF dropped more than 4%, hitting a new low for the past 52 weeks, and the Franklin FTSE South Korea Index also fell by 3%. South Korean local companies like Coupang and Posco Holdings saw their stock prices drop by about 6%, while KT Corp and KB Financial also experienced slight declines of 3% and 1%, respectively. These figures indicate that the market is greatly concerned about the current situation.

Seeing the sudden situation in South Korea, international investors and trading partners have started to feel worried. The global economy already faces many challenges, and South Korea's political turmoil will only complicate this uncertain situation further.

For ordinary South Korean citizens, the political upheaval brings not only economic pressure but also anxiety in daily life. Rising prices and difficulties in employment mean that many families are facing unprecedented challenges. Especially against the backdrop of a slowing global economy, the quality of life and confidence in the future of the South Korean people have been significantly impacted. #内容挖矿 $LUNA Follow me! Get more exciting content!