South Korea’s brief martial-law showdown: What U.S. investors need to know
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
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Source: MarketWatch
Geopolitical Tensions: South Korea's president declared martial law for the first time since 1979, leading to a suspension of parliament and military intervention in labor disputes, which raised concerns about political stability and affected the economy.
Market Reactions: The declaration prompted investors to seek safe-haven assets, causing a decline in South Korea's currency and highlighting the country's significance as a U.S. ally and a vital part of global supply chains.
Analyst Views on EWY
Wall Street analysts forecast EWY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 115.660
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Current: 115.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
