Can one of our financial wizards explain this?

[Mich the Tester]

North Korean dictator dies, South Korean shares drop by 4.9%.

Is there some logic behind this?

BBC News - S Korea markets slide on reports of Kim Jong-il's death

[DimPrawn]

The markets believe that his successor will be more hardline than the previous nutter.

[Mich the Tester]

The markets believe that his successor will be more hardline than the previous nutter.

[BrilloPad]

North Korean dictator dies, South Korean shares drop by 4.9%.

Is there some logic behind this?

BBC News - S Korea markets slide on reports of Kim Jong-il's death

Is there ever any logic to market movements? There have been 7 Euro summits this year - all spectacular failures - yet the "markets" briefly rise after each one.

Markets should be crashing until the Euro is put out of its misery.