20 Dec '11, 4am

Asia markets up as N. Korea fears ease

HONG KONG: Asian markets edged up on Tuesday as initial concerns about regional tensions after the death of North Korea's Kim Jong-Il subsided, although European woes continued to cast a pall. With attention turning to the leadership succession in Pyongyang, markets were relieved that there seemed to be no internal turmoil in the nuclear-armed state, providing dealers an opportunity to pick up cheap stocks. Seoul, which tumbled 3.4 per cent on Monday, rebounded on Tuesday to end 0.91 per cent higher, adding 16.13 points to 1,793.06. Tokyo rose 0.49 per cent, or 40.36 points, to 8,336.48 and Hong Kong was 0.52 per cent higher in the afternoon while Shanghai was flat. Sydney, however, slipped in late trade and ended 0.18 per cent, or 7.3 per cent, lower at 4,053.1. Regional markets tumbled Monday after news Kim had died, throwing into uncertainty the future of the hermit sta...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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#Kimjongil body displayed, N. Korea media hail son

#Kimjongil body displayed, N. Korea media hail son

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