Kremlin Spokesman Said Russia Will Strengthen Cooperation With North Korea On All Fronts
Portfolio Pulse from Charles Gross
Kremlin spokesman announced that Russia will strengthen cooperation with North Korea on all fronts, according to Reuters citing Russia's Tass.
September 13, 2023 | 10:40 am
News sentiment analysis
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NEGATIVE IMPACT
Increased cooperation between Russia and North Korea could potentially impact South Korea, and thus the iShares MSCI South Korea ETF (EWY).
Increased cooperation between Russia and North Korea could lead to geopolitical tensions in the region, which could negatively impact South Korea's economy and thus the performance of the EWY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The news of Russia strengthening ties with North Korea could potentially impact the SPDR S&P 500 ETF (SPY) due to potential geopolitical risks.
Geopolitical risks can lead to market volatility, which could impact the performance of the SPY ETF. However, the direct impact may be limited as the ETF is diversified across many sectors.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by Russia's decision to strengthen ties with North Korea due to potential geopolitical risks.
Increased cooperation between Russia and North Korea could lead to geopolitical tensions in Europe, which could negatively impact the performance of the VGK ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60