South Korea's benchmark Kospi index fell 1.4% to close at 2464.00, as political instability unnerved traders after President Yoon Suk Yeol quickly rebuffed martial law. Though the immediate crisis has passed,

South Korea’s Kospi closed 1.4% lower to 2,464.00. Shares of Samsung Electronics, the country’s biggest company, fell 0.9%. Meanwhile, the country’s financial regulator said they were prepared to deploy 10 trillion won ($7.07 billion) into a stock market stabilization fund at any time, the Yonhap news agency reported.

South Korea's won on Tuesday cut losses after the country's parliament swiftly passed a resolution to demand the lifting of martial law.