South Korea’s whirlwind stint in martial law jolts markets

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The story "South Korea’s whirlwind stint in martial law jolts markets" was covered 1 days ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 1d ago

South Korea’s whirlwind stint in martial law jolts markets - The Straits Times

Quick Summary:

It sparked whiplash in the country’s foreign-traded assets and caught global markets off guard.

The declaration of martial law will likely compound an already protectionist zeitgeist, according to Mr Joe Gilbert, a portfolio manager at Integrity Asset Management, adding that he believes “a viable off ramp exists to ameliorate the situation with the Korean parliament.

In the meantime, Mr Gilbert said he’s watching semiconductor stocks, which he says may be winners in the short term if there is any disruption to chip production with the South Korean behemoth Samsung.