North fires at South Korea.
This reminds me an awful lot of the Israel skirmish mentioned in my 'maybe, maybe not' post. This too will end as suddenly as it began, and the market will push upward.
The logical, and very sinister, person in me tells me this is purely economical.
North Korea can not wipe its own ass without China's permission, let alone fire artillery shells at a island off of South Korea. Just so happens some instability is in China's favor at the moment. Instability creates discounts in market prices, and will help China cool some of its inflation issues. (Obviously a short-term thing, but in conjunction with the Hedge Fund probes and already stated price capping on food items, it helps.)
I know this is conspiracy talk, but if China wanted/needed stability, this would not be allowed. Or severe punishment would be pushed on to the North.
Or maybe there is another reason they allowed this to happen. But if this attack was caused by a rouge aggressive state, then China's actions should be very severe.
Very curious as to China's reaction via actions, not words.