South Korea’s President Yoon Suk Yeol lifted his order to put the country under martial law on Tuesday, reversing his declaration hours after announcing it as thousands of protesters took to the streets and parliament voted unanimously to end it.

It's the first time martial law was declared in South Korea since 1980. Stocks plunged, but the market stabilized as parliament voted to lift the order.

Political instability in South Korea has caused the nation's won to plunge in value and has shaken confidence in the nation's stock market.