South Korea is reeling after a whiplash eight hours during which the country’s embattled president declared martial law but was forced to lift it amid widespread condemnation, throwing the country’s political landscape into chaos and uncertainty.

South Korean President Yoon Suk Yeol on Dec. 3 declared martial law in a televised announcement, accusing the opposition of “antistate” activities.

Expect volatility and negative price action across South Korean assets and interlinked markets, wrote Rory Green, at GlobalData.TS Lombard..

South Korean President Yoon Suk Yeol on Wednesday was facing mounting legislative and public pressure to leave office or be forced out, hours after he ended a short-lived martial law that prompted troops to encircle parliament before lawmakers voted to lift it.