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Korean Tensions

Overview

Tensions between North and South Korea are escalating after the South officially accused the North of sinking one of its naval vessels. Seoul is convinced that North Korea torpedoed the South Korean warship Cheonan in March, and along with the United States and Japanhas urged Beijing to join international denunciation of the sinking, which killed 46 sailors. The North has denied the allegations, and both sides have cut economic ties with each-other.

Headlines Around the Web

Carter in North Korea on peace mission

Apr 27, 2011 - AL JAZEERA

Indications: U.S. stock futures gain as Korean worries ease

Dec 21, 2010 - MarketWatch

Articles About Korean Tensions

South, North Koreas to hold military talks Feb.8 - report

By IBTimes HK

South and North Korea will hold working-level military talks on February 8, Seoul's Yonhap News Agency reported Tuesday, citing military officials. (Feb 02, 2011)

South Korea names date for powwow with North

By IBTimes

South Korea today proposed a time and place to meet with North Korea, following an agreement the nations reached last week to resume talks. The meeting is projected to take place on Feb. 11 in the Demilitarized Zone that separates the two nations. (Jan 27, 2011)

S. Korea waves olive branch

By IBTimes

South Korean President Lee Myung-bak was forceful, even bellicose, in speaking about North Korea on Monday. But on Wednesday, Lee struck a conciliatory note, expressing a desire for dialogue with his country's difficult neighbor to the north. (Dec 30, 2010)

MORE TOPICS: CHINA, NUCLEAR WEAPONS, JAPAN, SOUTH KOREA, RUSSIA, G20

India Forex Advisors / Market Commentary /21_Dec_2010

By India Forex

Forex Market Commentry (Dec 22, 2010)

Market Sentiment Buoyed by Ease in Korean Tensions, China's Pledge to Help EU

By Oil N'Gold

Risk appetite improved as tensions on the Korean peninsula eased. The sentiment was further boosted as China said it has taken concrete actions to help the EU solve its debt crisis. The front-month contract for WTI crude oil jumped to a 2-week high of 89.57 before settling at 89.37, up +1. (Dec 21, 2010)

MORE TOPICS: CHINA, GOLD, CRUDE OIL, GDP, SOUTH KOREA, MEXICO

Daily Outlook - Euro Heavy as Crisis Remains

By Easy Forex

U.S. Dollar Trading (USD) did very little throughout the day but was generally strong as the biggest pair the EUR/USD continues to pressure the downside. Stock markets globally are remaining near year highs but there is little intraday movement to create risk on or off. In US stocks, DJIA -13 points. (Dec 21, 2010)

Euro Still Under Pressure as Focus Turns to France and Belgium

By ActionForex

Euro remains under much pressure as worries on the debt crisis never go away and continues to make new record low against Swissy and Aussie. (Dec 21, 2010)

MORE TOPICS: IMF, TWITTER, FACEBOOK, SOUTH KOREA

British Pound May Find Bid on Rising Yield Expectations

By DailyFX

The GBP/USD is lower on the day following a flight to safety as downgrades of Irish lenders by Moody's reignited concerns that the region's troubles could impact broader markets. Risk trends continue to hold considerable influence over the ... (Dec 21, 2010)

MORE TOPICS: CREDIT SUISSE, QUANTITATIVE EASING

China says Korea clash would be "national tragedy"

By Reuters

A clash on the Korean peninsula could be a "national tragedy" that would imperil regional stability, a Chinese diplomat said at the U.N. Security Council meeting that failed to agree on defusing the Korean standoff. (Dec 21, 2010)

EU Morning Report: Euro plummets weighed by Korean tensions

By Easy Forex

Euro plummets weighed by Korean tensions The US dollar rose on Monday's European session supported by heightened risk aversion in the currency markets. Tensions in the Korean peninsula became intensified after South Korea planned an artillery fi... (Dec 20, 2010)