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 Korean stocks sank Wednesday while the won rebounded from earlier losses after President Yoon Suk Yeol dramatically declared martial law overnight before reversing the decision hours later. The Kospi index ended down more than one percent,