Showing posts with label Financial Markets. Show all posts
Showing posts with label Financial Markets. Show all posts

North Korea bombs South Korean island

North Korea attacked and fired a series of artillery shells at a South Korean Island.

A TV station said some houses on the island were on fire. 2 South Korean Marines were killed and many residents and soldiers have also been wounded in this attack.



Foreign financial markets swayed and South Korea was placed on high alert. South Korean President Lee Myung-bak ordered officials to sternly respond to North Korea's action but also called on officials to ensure that the situation wont escalate.