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Unformatted text preview: bombardment. Qualitative Impact Right after the attack, politically, the percentage of support for President Lee Myung Bak dropped because 72% of citizen thought the way of Government's response was wrong. However, only except the people live nearby border, not so many citizens seriously worried about this event. It affected more to financial market. Rising interest rates and exchange rate soaring. Korea won plunged 3.3% in NY stock market and Credit-Default-Swap (CDS) spread showed the degree of external risk rise 21bp. Korea related Exchange-Traded-Fund (ETF) dropped about 5~6%. It also had a global impact on the financial markets. Several Asian currencies weakened against the euro and U.S. dollar, while at the same time Asian stock markets declined. ** Reference: Wikipedia, http://kr.finance.yahoo.com/news...
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This note was uploaded on 08/28/2011 for the course IMBA 101 taught by Professor Trott during the Spring '11 term at National Cheng Kung University.
- Spring '11