The South Korean won came off a more than two-year low against the dollar on Tuesday, while exchange traded funds linked to South Korean stocks similarly cut losses after President Yoon Suk Yeol said he would lift a martial law he had imposed just hours before.

South Korean markets recover after President Yoon Suk Yeol's martial law declaration is reversed by unanimous parliamentary vote. ETFs and currency rebound.

U.S.-listed shares of South Korean stocks and ETFs tracking the country’s equities market trimmed declines Tuesday afternoon after the country’s president lifted a martial-law order.