Kim Jong Il has died

[tpfkaw]

Asian stock indexes are already feeling the pain. Korea's Kospi tumbled 5% after the announcement, and other East Asian markets are following suit. China's Shanghai index is already down by 2.5%, so who knows what will happen once markets reopen.

Wait, why would the death of the leader of North Korea, the most isolated country in the world, effect stocks?

They don't know how the new leadership of NK will act, all they know is that Kim never started Korean War II.