trillion won ($35.22 billion) in funds to stabilize domestic stock and bond markets if needed, amid volatility. Bearish on Korean won due to fundamentals, not politics: BofA Securitieswatch now VIDEO01:35 Bearish on Korean won due to fundamentals, not politics: BofA Securities Speaking on CNBC’s “Street Signs Asia” Friday, Adarsh Sinha, co-head of Asia rates & FX strategy at BofA Securities, warned that the Korean won could see “big moves” following the weekend’s vote, but stressed that the currency was also under pressure for fundamentals reasons, such as the likelihood of the Bank of Korean cutting rates. “I think, generally, our view for the Korean won, not for political reasons, is bearish,” he said. Second attempt Harking back to South Korea’s past of military rule, the short-lived martial law fiasco paralyzed domestic politics and swirled international concerns over one of the strongest standing democracies in Asia. Han Dong-hoon, leader of the ruling People Power Party, has called for Yoon’s suspension from his duties, indicating worries that the president could once more take a “radical” action such as reimposing martial law, according to Yonhap. Freshly minted Acting Defense Minister Kim Seon-ho, who took over after his predecessor Kim Yong-hyun resigned on Thursday, has said he would not obey such orders. On Saturday, Yoon made his first public appearance since the Tuesday incident, pledging there would be no second attempt to invoke martial law. “I am sincerely sorry and apologize to the people who must have been very surprised,” Yoon said in a televised public address, according to Yonhap. “I will not avoid legal and political responsibility related to this martial law declaration.”