Skip to comments.South Korea's Stock Market Is Plunging On The Kim Jong Il Death News (-4.0%)
Posted on 12/18/2011 9:07:49 PM PST by blam
South Korea's Stock Market Is Plunging On The Kim Jong Il Death News
Dec. 18, 2011, 10:32 PM
On news that North Korean dictator Kim Jong Il has died, South Korea's KOSPI index is plunging.
It's currently off over 4%.
If you want to know why markets would dive. Nate Silver just put it pretty well on twitter: It's because this guy is now in charge of the country's nuclear arsenal.
(Excerpt) Read more at businessinsider.com ...
Uncertainty is the bane of international stock markets.
Bet it rebounds within a week.
Do we call him Kim Jung Dead now?
North Koreas Stock Market is based in chickens and guano..
What is he going to call HIS son? Kim Lil-gai?;)
Our Dear Leader President Mile Wide Inch Deep Marxist sends condolences to North Korea for the death of their stone cold evil Marxist Dear Leader. Mile Wide and Inch Deep would be in tears but there is no crying in golf..unless of course it is the LPGA...
Bump. This could get messy.
Iran must be worried about it’s NK missile experts.
SK modeled Korean unification based on W-Germ/E-Germ experience and determined that Korean Unification would be something like 500% more expensive.
It was widely rumored that for this reason the top SK leadership simply wanted NK to limp along sideways, thereby avoiding the steep costs of Unification.
I’d say CHINA is gearing up to move in, in a very major way —they want to avoid having any kind of unified Korea on their doorstep.
They have a whole team of Generals ready to step in, I heard.
That rushing sound you hear? It’s white water.
Yes, but what about the North Korean stock market, where we’re all heavily invested?
A metaphor for rapids on a river (uncertainty, turbulence) ?
Or am I misunderstanding?
Can you help me understand, please?
4% is not a “plunge”. Get a grip.
“4% is not a plunge. Get a grip”.
Are you kidding? Four percent is a year’s worth of gain, if you’re lucky.
New leaders like to make a big introduction. Let's hope this one is focused on something that doesn't go "Boom".
The German reunification would seem minor compared to a Korean reunification. There was enough western influence leaking over the Inter German Border so that the Osties knew that there was some truth out there. North Korea has been an isolation ward, a loonie bin, for the past 60 plus years. With absolutely no contact with the West, save for a very small nomenklatura, and a police state apparatus that makes the Stasi seem like pikers, people there have forgotten how to think, since any kind of original thought is considered dangerous to one’s health.
I've read something like that myself...re-unification could overwhelm South Korea and China and that it just cannot be afforded.
The big fear is a collapse of North Korea and millions of refugees streaming out into China and South Korea.
I think privately China and South Korea are working on how to deal with the “North Korea Problem.” Today North Korea is more trouble than it’s worth to the ChiComs, and they just want a soft landing to avoid millions pouring across the border into China.
The South Koreans have a similar concern, I think both China and South Korea realize they will have to work together in the end to solve the problem.
No, I’m not kidding. If you can’t handle a 4% dip every now and then, you shouldn’t be investing in stocks at all.