Tuesday, November 23, 2010

Heaviest attack yet: North, South Korea exchange fire today

2 soldiers killed by North's rockets; Seoul vows 'enormous retaliation' if North opens fire again

“North Korea fired scores of artillery shells at a South Korean island on Tuesday, killing two soldiers, in one of the heaviest attacks on its neighbor since the Korean War ended in 1953.

The South fired back and sent a fighter jet to the area, which is close to a disputed maritime border on the west of the divided peninsula and the scene of deadly clashes in the past. South Korea was conducting military drills in the area at the time but said it had not been firing at the North.”

 

Dow drops below 11,000 amid Korea clash

Triple-digit slide amid ongoing worries about European debt

“Stocks fell early Tuesday after North Korea and South Korea exchanged artillery fire near their disputed sea border, killing at least two South Korean marines. Treasury prices, the dollar and gold all rose as investors sought safe places to park money.”

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