全球热点观察系列（7）：历次政治动荡后的韩国资产表现

Market Impact - The KOSPI index fell by 1.44% on December 4, 2024, with intraday losses reaching 2.31% before narrowing at close[11] - The KOSPI200 index dropped by 1.46%, and the KOSDAQ100 index declined by 1.98% on the same day[11] - The USD/KRW exchange rate briefly surged by 2.8% during the emergency decree announcement, but later stabilized to 1 USD = 1415 KRW by the close[15] Government Response - The Korean government announced a 10 trillion KRW stock market stabilization fund and a 40 trillion KRW bond market stabilization fund[8] - The Bank of Korea pledged to increase short-term liquidity and stabilize the foreign exchange market, offering special loans if necessary[10] Historical Context - During political turmoil, Korea's GDP growth typically declines but tends to recover after the lifting of martial law, as seen from 1960 to 1981[16] - The 1979-1981 political unrest saw the Korean Composite Index drop by 18% in 1979 and another 10% in 1980, followed by a significant rebound in 1981[25] Sector Performance - The KOSPI Metals sector rose by 3.07%, driven by Korea Zinc's stock surge, while the Food & Beverage sector saw a modest 0.32% gain[11] - The Utilities, Insurance, and Construction sectors experienced significant declines of 9.94%, 4.54%, and 4.53%, respectively[11] Risk Factors - Historical patterns do not guarantee future outcomes, and increased political uncertainty in Korea poses ongoing risks[35]