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Rising tension in Korean Peninsula shock global market

11-24-2010 08:45 BJT Special Report:DPRK, S. Korea Exchange Fire |

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The escalating tensions in the Korean Peninsula between the DPRK and South Korea have provoked global financial market jitters.

News of the exchange of fire sent the won tumbling in offshore markets, with the currency down about four percent against the greenback at one point. The conflict is also pounding the Asian stock market.

Hong Kong shares posted their biggest one-day loss in half a year. It's affecting Europe too. Stock markets there, which looked to open flat before the Korean peninsula news, opened lower and remained down. US stock index futures also pointed to a lower opening as investors fretted about the rising tension.

Oil fell to 81 US dollars and gold held near a one-week high.

US stock index futures also pointed to a lower opening as investors fretted
about the rising tension.

U.S. stocks decline on Korean tension, European debt fear

U.S. stocks tumbled on Tuesday as concerns on the conflict in Korean Peninsula and contagious risks in European countries weighed down the market.

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Editor:Xiong Qu |Source: CNTV.CN

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