The market is freaked out about the apparently escalation of tensions on the Korean peninsula.
In early trading, the benchmark KOSPI is down 3.3%.
According to Bloomberg, a message posted on a North Korean website relays that leader Kim Jong Il has told his military to “prepare for war,” which is coincidentally what Obama told the US military on Monday.
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See Also:
- OBAMA TELLS MILITARY: BE PREPARED FOR WAR IN KOREA
- South Korea Threatens War If North Korea Makes One More Provocation
- North Korea Warns ANY Retaliation For The Cheonan Will Lead To All-Out War