South Korea army went on high alert and authorities are will be watching financial markets volatility. Japanese Prime Minister set up a crisis management team on North Korea. Meanwhile, Nikkei average dropped by -1.21%.
“We believe the chances of a military aggression are limited. ... The Northern regime will be prickly over coming months, and we should look out for signs that it is withdrawing from low-level diplomatic efforts to mend fences”, said RBS economist Erik Lueth that predicts 2-week volatility on North Korea’s leader death aftermath.
The downward pace was already in motion due to Fitch’s negative outlook toward several Eurozone countries on late Friday and Belgium downgrade to Aa3 by Moody’s. The Eurozone crisis will remain as the main issue on Monday ahead in a year-end market, with increasingly low volume.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.