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

Investors weathered a geopolitical whirlwind on Tuesday — with a declaration of martial law by South Korea’s president sparking flows into haven assets, sinking the country’s currency and raising concerns about political unrest in a country that’s a key U.

South Korean President Yoon Suk Yeol declared martial law, vowing to eliminate “anti-state” forces as he struggles against an opposition that controls the country’s parliament and that he accuses of sympathizing with North Korea.