Kim Jong-il dies from a heart attack

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Source: Marketwatch

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.

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Mon, 19 Dec 2011 08:39:37 GMT

US stocks mixed on Friday

US major stocks indexes traded mixed on Friday as Italy approved austerity measures while Fitch threatened to downgrade six national debt ratings. Dow Jones Industrial Average was almost flat trading 0.02% or 2.42 points down, finishing at 11,866.39, S&P 500 added 0.32% or 3.89 points reaching 1,219.65 and Nasdaq Composite gained 0.6% or 14.32 points closing at 2,555.33.

Mon, 19 Dec 2011 08:38:43 GMT

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

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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