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Emergency war report!
South Korea issued martial law late at night!
Market turmoil, safe-haven assets soared!
South Korean political situation suddenly changed! Late at night, a shocking news came-South Korean President Yoon Seok-yeol suddenly issued a martial law order! Opposition members exclaimed "The entrance to the National Assembly was blocked", and they were struggling to overturn this sudden decision.
Opposition leader Lee Jae-myung said angrily: "Yoon Seok-yeol's martial law order is illegal and unconstitutional!" He warned that members of the military may be ready to take compulsory measures against lawmakers.
The financial market was instantly turbulent! The won-dollar exchange rate fell by nearly 1%, hitting a two-year low. The dollar-yen exchange rate also fell below the 149 mark, continuing to hit a new low in October. The market was in an uproar, and investors flocked to safe-haven assets, and bonds and yen became popular.
Market participants are full of doubts: Is this a storm caused by budget measures, or is there a more serious crisis behind it? After falling, the U.S. Treasury yields fell slightly, and market volatility intensified.
South Korean President Yoon Seok-yeol has appointed a martial law commander, and the military announced that parliamentary activities and other activities are banned. A political storm is raging over South Korea, and the world's attention is focused on this, waiting for further developments.
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