South Korean retail investors dump stocks amid political crisis

Domestic shareholders 'more jittery'; foreign investors 'very calm': BNY

20241210 korea santa

A person dressed as Santa Claus passes by images of South Korean President Yoon Suk Yeol: Local stock investors are jittery following an abortive declaration of martial law last week. © Reuters

LISA KIM, Nikkei staff writer

TOKYO -- South Korea's retail investors sold off local shares a week into the country's political turmoil, reflecting concerns about its stability.

While President Yoon Suk Yeol managed to narrowly avoid impeachment over the weekend for plunging the country into a crisis, he is facing escalating calls to step down. The opposition party has vowed to bring an impeachment motion every week until it passes.

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