Park Ouster Adds to Impeachments That Spurred Stock Rallies
- Brazil, U.S. markets recovered in the wake of past scandals
- Kospi has shown signs of recovery since Park’s impeachment
South Korea’s Park Ousted From Presidency
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South Koreans taking to the streets to cheer Friday’s court ruling to affirm the impeachment of President Park Geun-hye will have another reason to celebrate if history is any guide.
Equity benchmarks in Brazil and the U.S. have both rallied in the wake of past presidential downfalls, according to data compiled by Bloomberg. Korean stocks themselves have already been rising since the impeachment process began.