South Korea’s Stock Market Is Plunging On The Kim Jong Il Death News

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.


[credit provider=”Bloomberg” url=””]