Asian stocks wavered on Wednesday as South Korean political turbulence, including a brief martial law declaration and its swift reversal, rattled investor confidence. The KOSPI fell 1.3%, dragging year-to-date losses to over 7%. Authorities pledged liquidity measures to stabilize markets.
Meanwhile, global uncertainties persist, with France facing a no-confidence vote that threatens its government. Investors are also eyeing U.S. Fed Chair Powell’s remarks and upcoming jobs data for policy direction.
Elsewhere, oil prices edged higher amid geopolitical tensions in the Middle East and expectations of OPEC+ extending supply cuts.