North Korean Leader dies

North Korean leader Kim Jong ll died of a heart attack while on official business on a train journey, Korean state media have reported.

Markets hate uncertainty and the Asian markets have reacted negatively to this news, not knowing what stance his predecessor will take with regards to their poor relationship with South Korea and what form their nuclear ambitions will take.

His third son Kim Jong-Un, is expected to take over as leader and there are concerns that he may not be able to exert the same iron grip over his country that his father has, opening the door for political and economical instablity in the country, which will weigh heavily on the Asian region.