North Korea Launched Ballistic Missile; Launched Missile To Waters Off Its East Coast
Portfolio Pulse from Happy Mohamed
North Korea has launched a ballistic missile into waters off its east coast, according to Reuters citing Yonhap. This geopolitical event may impact global markets and specific ETFs like EWY and SPY.
July 18, 2023 | 6:40 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The missile launch by North Korea may cause uncertainty in the region, potentially impacting the iShares MSCI South Korea ETF (EWY).
Geopolitical tensions, such as missile launches, often lead to market volatility. As EWY tracks the performance of South Korean equities, it may be negatively impacted due to its proximity and political ties with North Korea.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The missile launch by North Korea may cause global market volatility, potentially impacting the SPDR S&P 500 ETF (SPY).
Geopolitical events often lead to global market volatility. As SPY tracks the performance of the S&P 500, it may be negatively impacted due to potential risk-off sentiment among investors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60