Financial situation after North-Korean leader’s death

Monday, 19 December 2011 02:19

North Korean leader Kim Jong Il died on Saturday in the age of 69 in result of heart attack. His son Kim Jong Un is likely to be nominated for next successor.

Following the news about leader’s death Asian stocks fell. South-Korean index Kospi declined by 4,1%, but the recovered to 3,1% fell. Japanese Nikkei lost 1%.

Surprisingly, within all the concerns of instability in financial world U.S stock open higher on Monday. Most of European indexes were higher as well.