South Korea Revokes Martial Law Amid Turmoil

South Korean President Yoon Suk Yeol declared martial law, citing threats from North Korean forces and opposition parties, but later revoked it, leading to political chaos and public protests demanding his resignation. The Kospi index fell over 2%, and the South Korean won dropped to a two-year low against the U.S. dollar. The announcement, although short-lived, heightened political unrest and investor concerns about regional stability. Meanwhile, global markets are influenced by geopolitical tensions, including potential Israeli military action against Lebanon, and economic developments such as China's slowing services sector growth. Investors are also monitoring U.S. monetary policy and the upcoming OPEC+ production decisions, which have led to rising oil prices, while gold prices have edged up slightly. The situation remains fluid as the region faces uncertainty.