North and South Korea are inching closer to peace — and it could have as big an impact on markets as the fall of the Berlin Wall
KCNA/Reuters
- North and South Korea are about to embark on a series of talks aimed to de-escalate the tensions between the two nations.
- Such a de-escalation could have a major impact on markets, with Morgan Stanley seeing a jump of almost 15% in local stocks if peace is achieved.
- Even if tensions are pacified somewhat, Korea's benchmark KOSPI could rise as much as 8%.
With North Korea and South Korea making tentative steps towards a de-escalation of the decades long conflict between the two nations, some analysts have started to think about what a more liberal, open North Korea without nuclear weapons might mean for the world.See the rest of the story at Business Insider
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