Asian stocks plunge further on Kim Jong-il's death

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Source: Marketwatch
Asian markets experienced a sharp decline on Monday, extending Friday losses on announcement about Kim Jong-il, North Korean leader's death. Hong Kong's Hang Seng Index lost 2.5%, Shanghai Composite dropped 2.6%, while South Korea's Kospi fell 4.1%. Japan's Nikkei Stock Average closed down 1.4% and Australia's S&P/ASX 200 index gave up 2.4%.

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Mon, 19 Dec 2011 08:39:13 GMT

Kim Jong-il dies from a heart attack

On Saturday Kim Jong-il the leader of North Korea passed away after a heart-attack, confirmed state-managed media Kim Jong-il was 69. The Asian stocks markets reacted sharply and extended loss on Monday while US Dollar boosted gains against South Korean domestic currency. Kim Jong-un, the leader's son is predicted to substitute his father into power.

Fri, 16 Dec 2011 15:11:16 GMT

Canadian dollar appreciates amid US manufacturing report

Canadian currency climbed against greenback for a second day in a row as US manufacturing report showed that factory output in Philadelphia and New York regions expanded at faster pace than predicted signaling recovery for the economy. Canadian dollar gained 0.2% against its US peer to C$1.0332. Currently USD/CAD is trading at C$1.0347.

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