South Korea's president lifts martial law: live update

For those of you who are just joining us, here is your opportunity catch up on what is What is happening in South Korea:

Just hours after Yoon Suk Yeol stunned the nation Declaration of martial lawthe president said he would repeal the decree – thereby taking into account the wishes of the legislature. The declaration of martial law, which followed months of political stalemate, banned all political activity and strikes.
Both the government and the opposition parties spoke out against the introduction of martial law. MPs rushed to parliament and voted to call on the president to revoke the decree, while clashes broke out between police and protesters outside the National Assembly building. After Yoon gave in, the opposition called on him to resign.
At one point, Yoon said he would give in to some South Koreans trafficked abroad The assets were able to offset some losses. Earlier in the day, the won fell to its lowest level since 2009 before recovering.
Before Yoon said he would repeal the decree, the Treasury promised “unlimited liquidity” to the market and the US. Bank of Korea said its monetary policy committee would hold an extraordinary meeting on Wednesday morning. A decision on whether to open the local stock exchange was expected at 7:30 a.m. in Seoul.

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