South Korea Sparks Chaos Across Markets: Crude, Crypto, & Small Caps Wild; Won Lost

South Korea sparked the early chaos in the markets with 'martial law' being initiated (then down-voted?). The initial headlines sent the Won reeling lower, KOSPI stocks dumped, Treasuries were bid and gold spiked. As the politics played out and they promised to run the printers...

and there it is: just need a little martial law for BRRRRR

*S. KOREA TO PROVIDE UNLIMITED LIQUIDITY TO MARKETS IF NEEDED

— zerohedge (@zerohedge) December 3, 2024

...gold and crypto flipped their roles and the Won came back a bit (but still ended at two-year lows).