The death of North Korean leader Kim Jong Il convulsed the Korean stock market.
The South Korea’s KOSPI composite index closed down 3.43% on Monday, to close at 1776.93 points, once declined almost 5% in the session. KOSDAQ index fell 5.35% to finish at 477.61 points, once the biggest intraday drop was 8.5%.
All the Korean military stocks bucked the broadly weaker tone, hitting the daily limit-up of 15%. The International equipment manufacturers Speco, electronic warfare equipment manufacturers Victek and military communications equipment maker Huneed Technologies all close to the daily limit-up.