North Korea Appears To Have Fired Missile
Portfolio Pulse from Benzinga Newsdesk
North Korea has reportedly fired a missile, according to the J-alert Japan Government Emergency Broadcasting System. This geopolitical event may impact the performance of certain ETFs.
August 23, 2023 | 6:56 pm
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NEGATIVE IMPACT
The missile launch by North Korea may increase geopolitical tensions, potentially affecting the performance of the Japan-focused ETF, EWJ.
Geopolitical tensions, such as missile launches, can lead to market instability. As EWJ is focused on Japan, which is in close proximity to North Korea, it may be negatively impacted.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The missile launch by North Korea may increase geopolitical tensions, potentially affecting the performance of the South Korea-focused ETF, EWY.
Geopolitical tensions, such as missile launches, can lead to market instability. As EWY is focused on South Korea, which shares a border with North Korea, it may be negatively impacted.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The missile launch by North Korea may increase geopolitical tensions, potentially affecting the performance of the US-focused ETF, SPY.
Geopolitical tensions, such as missile launches, can lead to global market instability. As SPY is focused on the US, it may be negatively impacted due to potential shifts in global market sentiment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60