U.S. and European stock markets felt a limited impact following news of North Korean leader Kim Jong-il's death.

Though investors in U.S. and European stock markets saw Kim’s death as a negative factor, the impacts those markets faced are considered to be smaller compared to the effects faced by stock markets in Asia.

Stock prices in Germany and Britain fell roughly half a percent on Monday while prices in France remained the same from Friday.

At the New York Stock Exchange, the Dow Jones Industrial Average and other key indices fell around one percent.

Market observers attributed the drop in such prices to news related to the debt crisis in Europe rather than news of the North Korean leader’s death.

Meanwhile, on Monday, the benchmark Korea Composite Stock Price Index (KOSPI) nosedived 63 points, or three-point-43 percent, to finish at one-thousand-776.