Global shares were mixed and the euro was steady on Wednesday as markets digested political turmoil in South Korea, where martial law was imposed then lifted hours later, and in France, where a no-confidence vote looked set to topple the government.

The 'Korea discount' The "Korea discount" refers to the phenomenon whereby South Korean shares generally trade at lower valuations than their overseas peers. Analysts attribute th

Global shares were mixed and the euro was steady on Wednesday as markets digested political turmoil in South Korea, where martial law was imposed then lifted hours later, and in France, where a no-confidence vote looked set to topple the government.

Asian markets retreated Wednesday after overnight political drama in South Korea added to regional uncertainties, though the Kospi in Seoul fell less than 2%. U.S. futures and oil prices rose. South Korea President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night,

The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled 6% to hit a 52-week low.