Military Industrial Complex Stocks Crash as North and South Korea Reach Peace Deal

Activist Post

North and South Korea reached a historic peace deal this week, and as the leaders from the two nations met in person for the first time and agreed to pursue an end to the Korean War, it signaled an incredible breakthrough in diplomacy and sent the stocks of defense contractors in the United States crashing.

When North Korea’s Kim Jong-un shook hands with South Korea’s Moon Jae-in for the first time on Friday, they put thousands of people both at home and around the world at ease, as they agreed to a peace deal that has the power to break the tension that has been between the two countries for decades. [...]

However, while peace may seem like the best possible outcome to the average person who is aware of how the ongoing war has hurt both North and South Korea over the years, it is a resolution that hurts the United States military-industrial complex, as can be seen by the results from stocks following the meeting.

On Friday alone, the five largest defense contractors in the U.S. lost more than $10 billion in value.

Lockheed Martin (LMT) started the week at $352.79 per share and ended it at $321.95 per share, falling 2.5 percent to a valuation of about $92 billion.

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Korean War to be declared officially over after 65 years, following historic summit between North and South

The Independent

Countries have committed to turn their borders into a "peace zone". 

The Korean War will be formally declared over after 65 years, the North and South have said.
At a historic summit between leaders Kim Jong-Un and Moon Jae-in, the neighbouring countries agreed they would work towards peace on the peninsula with a formal end to the conflict set to be announced later this year.

The pair agreed to bring the two countries together and establish a "peace zone" on the contested border.

The war began in 1950 and most fighting came to an end with an armistice three years later. But peace was never officially declared and the two countries have been officially at war ever since.
At their first summit in more than a decade, the two sides announced they would seek an agreement to establish "permanent" and "solid" peace on the peninsula.

"The two leaders declare before our people of 80 million and the entire world there will be no more war on the Korean peninsula and a new age of peace has begun," the official declaration said.

The statement included promises to pursue military arms reduction, cease "hostile acts," turn their fortified border into a "peace zone," and seek multilateral talks with other countries, such as the United States.

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