North Korea Fired A Second Possible Ballistic Missile
Portfolio Pulse from Happy Mohamed
North Korea has reportedly fired a second possible ballistic missile, according to Reuters citing NHK. This could potentially impact global markets and specific ETFs like EWY and SPY.
July 18, 2023 | 7:06 pm
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NEGATIVE IMPACT
The South Korea ETF (EWY) could be negatively impacted by North Korea's missile tests due to increased geopolitical tensions in the region.
Geopolitical tensions, such as missile tests by North Korea, can lead to increased market volatility and negatively impact ETFs focused on the region, such as EWY.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The S&P 500 ETF (SPY) could potentially be impacted by North Korea's missile tests due to the potential for increased global market volatility.
Geopolitical events, such as missile tests by North Korea, can lead to increased global market volatility and potentially impact broad market ETFs like SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60