“As announced together with the government, we will provide sufficient liquidity for a limited time until the financial and foreign exchange markets stabilize,” the Bank of Korea said, reiterating a pledge made earlier in the day by South Korea Finance Minister Choi Sang-mok. Local news agency Yonhap reported earlier Wednesday that South Korea’s financial regulator said it is prepared to allocate 10 trillion won ($7.07 billion) to a stock market stabilization fund at any time. Yoon declared an emergency martial law and mobilized the army late Tuesday night. Within hours, the National Assembly voted to overturn the emergency order, forcing Yoon to lift martial law early Wednesday morning. The military units that were deployed have also been withdrawn, Yoon announced at the time. “In our view, the negative impact to the economy and financial market could be short-lived as uncertainties on [the] political and economic environment could be quickly mitigated on the back of proactive policy response,” Citi analysts said in a note. South Korean stocks experienced significant fluctuations in the U.S. on Tuesday amid political turmoil in Korea. The iShares MSCI South Korea ETF (EWY), which tracks more than 90 large and mid-sized companies in South Korea, tumbled as much as 7% to hit a 52-week low before cutting losses to close 1.6% lower.