CNBC Daily Open: U.S. stocks start December chilly; Korea stocks tumble on political chaos

Martial instrumentality declared and lifted successful South Korea 
South Korean President Yoon Suk Yeol declared aboriginal Wednesday greeting helium would assistance exigency martial law aft the National Assembly voted to overturn Yoon's decree issued precocious Tuesday night. Yoon has successful caller weeks clashed with the absorption enactment implicit 2025's budget. A conjugation of lawmakers from absorption parties are reportedly readying to suggest a measure to impeach Yoon connected Wednesday. 

South Korean markets roiling  
South Korean markets opened little connected Wednesday arsenic investors digested the governmental turmoil. The Kospi mislaid astir 1.6% arsenic South Korean heavyweight stocks similar Samsung Electronics, Hyundai Motor and Korea Gas Corporation stumbled. The won rebounded from earlier steep losses — it plunged to a two-year debased against the U.S. dollar — but inactive ended the time little against the greenback.  

Emergency measures by BOK 
In the greeting aft Yoon's shocking move, the Bank of Korea said it would boost short-term liquidity and connection peculiar loans to stabilize the country's fiscal and overseas speech markets, arsenic necessary. However, the interaction connected markets mightiness beryllium "short-lived," wrote Citi analysts successful a note, if determination is "proactive argumentation response." 

Mixed markets
U.S. markets were mixed connected Tuesday. The S&P 500 was flat, the Dow Jones Industrial Average fell but the Nasdaq Composite rose. Asia-Pacific markets besides traded mixed connected Wednesday. Australia's S&P/ASX 200 mislaid 0.38% arsenic the country's statistic bureau reported that gross home merchandise grew a slower-than-expected 0.3% successful the 3 months done September.

[PRO] Opportunities amid France's governmental chaos 
South Korea aside, France is besides facing its ain governmental chaos, arsenic the country's lawmakers tabled a vote of no-confidence against the authorities of Prime Minister Michel Barnier. That governmental uncertainty is reverberating done fiscal markets, giving emergence to trading opportunities.

December whitethorn person triggered the thawing of Mariah Carey, but stocks are opening the period chilly. 

The S&P 500 was fundamentally level and the Dow Jones Industrial Average dropped 0.17%. The Nasdaq Composite, however, managed to ascent 0.4%, acknowledgment to Apple rising 1.3% for a caller 52-week high. 

It's improbable that stocks volition stay successful permafrost this month.  

December's historically the third-best period of the year, according to the Stock Trader's Almanac.  

The banal marketplace whitethorn falter a small astatine the commencement of December, writes CNBC's Bob Pisani, due to the fact that of taxation nonaccomplishment selling – a improvement successful which investors merchantability assets that are making a nonaccomplishment to trim the taxation load connected different assets making superior gains. But stocks thin to regain guardant momentum arsenic the twelvemonth wraps up. 

"These beardown returns are historically often back-end loaded," said George Smith, portfolio strategist astatine LPL Financial. 

Moreover, successful statesmanlike predetermination years, December typically moves up 1 notch to go the second-best month for stocks. 

As Ken Mahoney, CEO of Mahoney Asset Management, noted, "When the marketplace is up 10% oregon much with a recently elected President, it has ne'er gone down successful the period of December."  

Also, investors are apt awaiting the U.S. jobs study for November, retired this Friday, earlier making immoderate large moves. The numbers volition beryllium the U.S. Federal Reserve's past look astatine the labour marketplace earlier their rate-setting gathering from December 17 to 18. 

The markets are presently pricing successful a 73.8% accidental the Fed volition little rates by 25 ground points astatine that meeting, a much optimistic stake than the 59.4% past week, according to the CME FedWatch tool. 

If the Fed does chopped rates, that incision volition astir apt scrape disconnected immoderate lingering frostbite connected the banal marketplace arsenic well, successful clip for them to perceive sleigh bells ringing. 

— CNBC's Bob Pisani, Sarah Min, Hakyung Kim, Sean Conlon, Lisa Kailai Han and Alex Harring contributed to this report.