Yoon’s gambit a tempest in a teapot for financial markets

As far as the Japanese markets were concerned, it was all but over by the start of trading on Wednesday morning.

About 11 hours after South Korean President Yoon Suk Yeol declared martial law, Tokyo stocks opened flat and the yen was little changed from a day earlier.

The takeaway for investors was that the system worked and that they could go back to worrying about corporate earnings and the Bank of Japan meeting later this month.