Markets around the event · cumulative change, 10 sessions before to 20 after · shaded: normal range of Korean won
Korean wonBrent oilSwiss francUS dollar
Martial law in South Korea
President Yoon Suk Yeol declares martial law; parliament overturns it within hours. Riftrate read 47 the day before and 51 at its highest within 14 days.
Riftrate the day before47Neutral
Within 14 days51 ▲ +3.5Neutral
CategoryPolitical crisisCoups and political crises
CountrySouth Korea
What markets didfrom the last close before the event
| Market | Next session | After 5 sessions | After 20 sessions | How unusual |
|---|---|---|---|---|
| Korean won | -1.5% | -1.7% | -4.9% | bigger than 82% of 5-day moves |
| Brent oil | +2.7% | +1.3% | +4.6% | bigger than 19% of 5-day moves |
| US 10-year yield | +0.04 pt | +0.01 pt | +0.39 pt | bigger than 3% of 5-day moves |
| US dollar | -0.1% | -0.4% | +1.7% | bigger than 44% of 5-day moves |
| Swiss franc | +0.2% | +1.0% | -2.2% | bigger than 68% of 5-day moves |
| Japanese yen | +0.1% | -1.3% | -5.2% | bigger than 64% of 5-day moves |
Correlation or cause? A market that moves on the day of an event is not proof that the event moved it. “How unusual” compares the move with every 5-day move of the previous three years: above 95%, the move stands out from normal noise. Read it with the news of the day, and see how to tell correlation from causation. Not investment advice.
Riftrate · 60 days before and after
Source for the event: en.wikipedia.org. Market data: FRED, Federal Reserve Bank of St. Louis.