Korean Won, Stocks Take Spotlight After Impeachment Vote

Korean Won, Stocks Take Spotlight After Impeachment Vote

South Korea’s currency and its stock market will take center stage on Monday, as investors respond to a weekend vote to impeach President Yoon Suk Yeol following his attempt to impose martial law.

The Korean won will be the main focus for traders, after its heavy losses during the country’s recent political chaos. The currency has lost more than 2% against the greenback since President Yoon stunned markets on Dec. 3 by imposing — and quickly reversing — martial law. The won ended Friday’s session at 1,435.45 per dollar.

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