Subject: Morning Brief: Tensions with North cause jitters in South Korean markets
From: "Foreign Policy Magazine" <[email-masked]>
To: <[email-masked]>
Date: Fri, 5 Apr 2013 09:02:02 -0400 (EDT)

FP Passport Morning Brief
Friday, April 5, 2013
Tensions with North cause jitters in South Korean markets
------------------------------------------------------------------------------

*Top news: *Senior officials say North Korea has moved two mobile missile  
launchers [1]to an unknown location in the east of the country, possibly to  
demonstrate its ability to strike Japan or U.S. bases in the Pacific.  
However, there was none of the strident rhetoric from Pyongyang, that has  
been intensifying in recent days, as the country celebrated a national  
holiday.

After years of on-again-off-again tensions, threats from the North generally  
don't have much impact on South Korean financial markets, but this time has  
been different with stocks falling 1.64 percent [2]on Friday amid a flurry of  
sell offs by foreign investors. Fears were further intensified by comments  
from GM CEO Dan Akerson, who suggested the ongoing tension could lead the  
company to move its South Korean production elsewhere. 

South Korea's central bank and regulatory agencies have held emergency  
meetings and promised strong action to restore stability to the markets if  
needed. This has raised investor expectations of an interest rate cut next  
week. 

*Bird flu: *Shanghai has temporarily closed [3] its poultry markets over an  
outbreak of bird flu that has killed at least 6 people. More than 20,000  
birds have been slaughtered [4].

------------------------------------------------------------------------------
Middle East

 * A rocket attack [5]in northeastern Damascus reportedly killed at least 5
   people. 
 * Iran has announced a new plan [6] for its nuclear program. 
 * The UN is halting food aid [7]to Gaza after one of its distribution
   centers was attacked. 

Asia

 * Clashes between Burmese Buddhists and Muslims have spread [8]to a
   detention center for refugees in Indonesia. 
 * A bombing in Southern Thailand [9] killed a senior government
   official.  
 * Dozens were killed in a building collapse [10] near Mumbai.

Americas

 * The daughter of Cuban dissident Oswaldo Paya is calling for an
   international investigation [11]into his death. 
 * Mexico claims to have foiled an assassination attempt [12]targeting two
   lawmakers. 
 * Flash floods [13]have killed at least 57 people in Buenos Aires. 

Africa

 * South Africa is withdrawing its troops [14]from the Central African
   Republic. 
 * The former Navy chief of Guinea-Bissau has been arrested on drug charges
   [15] and will be transferred to the United States. 
 * The Ivory Coast government has begun exhuming a mass grave [16] from the
   country's 2010 post-election violence. 

Europe

 * Former Italian Prime Minister Silvio Berlusconi called for a new election
   [17] unless the center left agrees to govern with him. 
 * Public prayers are being held in Bulgaria after a series of
   self-immolations. [18] 
 * A constitutional court ruling [19] today could overturn Portugal's 2013
   budget. 

/-By Joshua Keating /

JUNG YEON-JE/AFP/Getty Images)

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 * Hagel Channels Eisenhower - By Gordon Adams [24]

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[1] http://www.reuters.com/article/2013/04/05/us-korea-north-idUSBRE93408020130405
[2] http://www.nytimes.com/2013/04/06/world/asia/tensions-with-north-korea-unsettle-souths-economy.html?pagewanted=all
[3] http://www.bbc.co.uk/news/world-asia-china-22037833
[4] http://www.reuters.com/article/2013/04/05/us-birdflu-china-idUSBRE93201G20130405
[5] http://news.yahoo.com/activists-rocket-attack-syrian-capital-kills-5-102027416.html;_ylt=AnvdTVWLMmI1dG1v1WhPnqYLewgF;_ylu=X3oDMTQ4OTlpdHJ1BG1pdANUb3BTdG9yeSBXb3JsZFNGIE1pZGRsZUVhc3RTU0YEcGtnAzg2NDZkNzkwLTYxMTMtMzdlOC1iNTk1LTZmMzgyMzQ0MWUzOQRwb3MDMQRzZWMDdG9wX3N0b3J5BHZlcgMxY2YxMmM3MC05ZGU3LTExZTItYjllZi04MzcxNWFjNWQyMmU-;_ylg=X3oDMTF1cDZjaTBwBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdAN3b3JsZHxtaWRkbGVlYXN0BHB0A3NlY3Rpb25z;_ylv=3
[6] http://www.nytimes.com/2013/04/06/world/middleeast/talks-resume-on-curbing-irans-nuclear-program.html?ref=world&_r=0
[7] http://www.bbc.co.uk/news/world-middle-east-22036228
[8] http://www.nytimes.com/2013/04/06/world/asia/buddhist-muslim-tensions-spread-as-detainees-die-in-indonesia.html?ref=world
[9] http://www.reuters.com/article/2013/04/05/us-thailand-south-idUSBRE9340B120130405
[10] http://www.bbc.co.uk/news/world-asia-india-22036751
[11] http://www.nytimes.com/2013/04/05/world/americas/inquiry-is-sought-into-death-of-oswaldo-paya-cuban-dissident.html?ref=world
[12] http://www.cnn.com/2013/04/04/world/americas/mexico-lawmakers-assassination-plot/index.html?hpt=wo_c2
[13] http://www.bbc.co.uk/news/world-latin-america-22033533
[14] http://www.nytimes.com/2013/04/05/world/africa/south-africa-to-withdraw-troops-from-central-african-republic.html?ref=world
[15] http://www.bbc.co.uk/news/world-africa-22030847
[16] http://www.bbc.co.uk/news/world-africa-22026885
[17] http://www.reuters.com/article/2013/04/05/us-italy-vote-idUSBRE9340CM20130405
[18] http://www.reuters.com/article/2013/04/05/us-bulgaria-prayer-idUSBRE9340CU20130405
[19] http://www.ft.com/intl/cms/s/0/c90a26f4-9dc6-11e2-bea1-00144feabdc0.html#axzz2Paepk0uP
[20] http://www.foreignpolicy.com/articles/2013/04/04/the_jew_in_a_box_germany
[21] http://www.foreignpolicy.com/articles/2013/04/04/a_weapon_of_minor_destruction_harroun
[22] http://www.foreignpolicy.com/articles/2013/04/04/why_sticks_and_stones_will_beat_our_drones
[23] http://www.foreignpolicy.com/articles/2013/04/04/kowtow_now_apple_china
[24] http://www.foreignpolicy.com/articles/2013/04/04/hagel_channels_eisenhower
[25] http://www.foreignpolicy.com
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[27] http://www.foreignpolicy.com/articles/contact_us
[28] http://www.foreignpolicy.com/about_us
[29] http://www.foreignpolicy.com/articles/2013/04/04/why_sticks_and_stones_will_beat_our_drones
[30] http://www.foreignpolicy.com/articles/2013/04/04/kowtow_now_apple_china
[31] http://www.foreignpolicy.com/articles/2013/04/04/the_ayatollah_in_his_labyrinth
[32] http://www.foreignpolicy.com/articles/2013/04/04/a_weapon_of_minor_destruction_harroun
[33] http://www.foreignpolicy.com/national_security_newsletter_signup
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