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South Korean currency falls on rumors of Kim Jong-un’s illness

Summary

Questions about Kim Jong Un’s health intensify | DW News Description video: There are new questions over the health status of North Korean leader Kim Jong Un. Reports from the Reuters news agency say medical experts have been sent from […]

Questions about Kim Jong Un’s health intensify | DW News

Description video:
There are new questions over the health status of North Korean leader Kim Jong Un. Reports from the Reuters news agency say medical experts have been sent from China to advise on Kim’s health. Earlier this week, media in South Korea reported that he was recovering after a cardiovascular procedure. But the leader hasn’t been seen in public and speculation of a serious heart condition persists. North Korea is challenging suggestions that their leader is gravely ill.\n\nSubscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1\r\n\r\nFor more news go to: http://www.dw.com/en/\r\nFollow DW on social media:\r\n►Facebook: https://www.facebook.com/deutschewellenews/\r\n►Twitter: https://twitter.com/dwnews\r\n►Instagram: https://www.instagram.com/dw_stories/\r\nFür Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/channel/deutschewelle\n#KimJongUn #NorthKorea #DwNews

South Korean currency falls on rumors of Kim Jong-un’s illness

The Korean won weakened sharply against the dollar on Tuesday amid unconfirmed reports that North Korean leader Kim Jong-un is seriously ill..

The Korean won fell 0.74% at 1,229.59 per dollar. South Korea’s currency declined to 1241.15 against the dollar a day earlier, amid conflicting reports that Kim was unwell.

South Korean markets also saw a decline, with the Kospi closing 1% lower on the day, while the Kosdaq closed the day 1.42% lower. Defense stocks Victek soars 23.76%, Hyundai Cement and Hyundai Elevator shed 2.48% and 4.7%, respectively.

On Tuesday, CNN reported citing an unnamed U.S. official who bluntly stated that Washington «examines intelligence» about the fact that Kim is in «serious danger after surgery».

The North Korean leader was reportedly absent during his grandfather’s birthday celebrations on April 15, raising questions about his health. CNN Says He Was Seen Four Days Before At A Government Meeting.

South Korean currency falls on rumors of Kim Jong-un's illness

However, doubts remain about the health status Kim Jong-un.

«We confirm that Chairman Kim Jong-un is currently touring provincial districts with his close associates, and we find no evidence to support speculation about his poor health.», – told NBC News at the office of the President of South Korea.

Reuters also reported, citing two government sources, that Kim was not seriously ill..

An earlier report to Reuters quoted the South Korean website Daily NK as saying Kim was recovering from cardiovascular surgery on April 12. This post cites unnamed North Korean sources..

The uncertainty of the situation and then «what a potential new regime might look like» puts pressure on markets.

Many other currencies in Asia have also weakened. The Chinese yuan was down 0.13% to 7.0814 per dollar, while its offshore counterpart traded at 7.0955 per dollar. Singapore dollar also down 0.3% to hit 1.4251 against the US dollar.