South Korea's Currency Takes a Dive

The South Korean won has plummeted to a two-year low against the US dollar following President Yoon Suk Yeol's declaration of a state of emergency.

At this moment, the specifics of how martial law will be enforced and its broader implications remain unclear. However, President Yoon has blamed opposition lawmakers for controlling the parliament and throwing the country into a political crisis.

The US dollar gained 1.43% at 9:30 am ET against the won, selling at 1,424.10.