Demonstrators take part in a protest against the president outside the National Assembly on December 08, 2024 in Seoul, South Korea.
Ezra Akayan | Getty Images News | Getty Images
South Korea's Kospi stock index fell more than 2% on Monday after President Yeon Suk-yeol survived an impeachment vote over the weekend, as the fallout from his brief declaration of martial law continues to roil the country.
The benchmark index fell by 2.6%, while the KOSDAC fell by 4.9% as investors continued to monitor the political situation in the country.
While Yoon's People Power Party boycotted the impeachment vote tabled by opposition parties on Saturday, its leader said Yoon would step down.
Meanwhile, the country's prosecutors have listed President Yoon as a subject in a criminal investigation on possible charges of treason and abuse of power, according to local media reports.
Elsewhere in the Asia-Pacific region, markets were mixed on Monday as traders assessed revised economic growth data from Japan and China and inflation data for November.
Japan Nikki 225 The Topix index rose 0.1%, while the index rose 0.2%.
Japan's third-quarter gross domestic product was revised to 0.3% on a quarterly basis, up from the 0.2% and above estimate of a Reuters poll that expected no change.
Hong Kong Hang Seng Index Mainland China's CSI 300 index fell 0.6%, down 0.6%.
China's consumer price growth missed expectations in November, rising 0.2% year-on-year, down from a 0.3% increase in October, the National Bureau of Statistics said Monday. Economists from Reuters expected growth of 0.5%.
Australia's S&P/ASX 200 index traded flat to close the day at 8,423.
In the US on Friday, the S&P 500 and Nasdaq Composite rose to new records after November jobs data came in slightly better than expected, but not hot enough to prevent the Fed from cutting interest rates again later this month. .
The broad-market S&P 500 rose 0.25% to 6,090.27. The technology-heavy Nasdaq index advanced 0.81 percent to 19,859.77 points, supported by gains in shares of Tesla, Meta Platforms and Amazon.
The Dow Jones Industrial Average fell 123.19 points, or 0.28%, to 44,642.52 points.
The S&P 500 and Nasdaq continued their third straight positive week as well, rising 0.96% and 3.34%, respectively. The Dow Jones index fell by 0.6% during this period.
— CNBC's Sean Conlon, Lisa Kailay Han and Pia Singh contributed to this report.
