South Korean shares rebound after death of 'Dear Leader'

Shares on South Korea's main index rose nearly 1% overnight, having sold off sharply on the day of North Korean leader Kim Jong Il's death.

The country's Kospi index rose 0.9% to 1,793 points, recovering some of the losses seen the previous day when it dropped 3.4%. Other Asian markets were given a boost as the South Korean index recovered, with the Nikkei 225 up 0.5% to 8,336 points. Meanwhile in the US markets came under pressure overnight as investors continued to fret over the crisis in Europe. The Dow ended the session down 0.8% at 11,766 points, while the S&P 500 was 1.2% weaker at 1,205 points. With trading light as markets enter the holiday period, the FTSE 100 also closed 0.4% down yesterday at 5,367 points...