Quotes
Rarely does a combined sell-off in a country's stocks, bonds and currency feel like a relief rally,
said Thomas Mathews, head of Asia-Pacific markets at Capital Economics
As announced together with the government, it has been decided to temporarily supply sufficient liquidity until the financial and foreign exchange markets stabilise,
the Bank of Korea saidInvestors now 'only' have to worry about a period of significant political uncertainty,
he saidFrom a macro perspective, South Korea was already one of the more vulnerable countries to the impact of Trump's proposed tariffs,
he said in a commentary
This recent development could raise some further risk premium on the currency at least until we get clarity on political stability,
he addedThe political fallout is far from over — increasing the risk of a deeper slowdown in growth,
said Hyosung Kwon, an economist at Bloomberg Economics
This attempt at martial law retards attempts to diminish the Korea risk premium,
wrote VarathanMarkets will prefer a quick resolution to the stand-off and for political stability to return, but for now, it seems that the uncertainty over his leadership may continue to drag on for some time,
wrote Yeap Jun Rong, a market strategist at IGWe will inject unlimited liquidity into stocks, bonds, short-term money market as well as forex market for the time being until they are fully normalized,
the ministry said in a statement
We're at the tail end of the crisis,
said Marc Chandler, chief market strategist at Bannockburn Forex in New YorkThese developments, combined with those in France and the outcome of the U.S. presidential election, all are creating uncertainty as investors think about how to position themselves moving into 2025,
said Greg Bassuk, CEO at AXS Investments in New York
There’s a host of economic data on this week’s calendar, so investors are taking a wait-and-see as this week’s data will likely impact the Fed’s December rate decision,
Bassuk addedI declare martial law to protect the free Republic of Korea, to eradicate pro-North Korean antistate forces that are undermining our freedom, and to preserve the constitutional order,
he said, ... according to Reuters
The Korean won is already under pressure from the looming threat of tariffs and their detrimental impact on export-driven economies,
said Rong Ren Goh, a portfolio manager in the fixed income team at Eastspring Investments in Singapore
It's uncertainty driven ... one of those 'shoot first, ask questions later' (moves),
said Christopher Wong, FX and rates strategist at OCBC in SingaporeSouth Korea’s democratic institutions and culture have withstood the stress test,
Krishna Guha, vice chairman of Evercore ISI, wrote in a note
In any given situation, the government will do its best to address economic concerns and to minimize disruptions in entrepreneurial and daily activities,
he said