President Biden Says Russia Shredding Arms Control Agreements; We Condemn N. Koreas Continued Violation Of Un Security Council Resolution, Committed To Diplomacy
Portfolio Pulse from Benzinga Newsdesk
President Biden has criticized Russia for shredding arms control agreements and North Korea for violating UN Security Council resolutions. He emphasized the US commitment to diplomacy.
September 19, 2023 | 2:39 pm
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NEGATIVE IMPACT
The condemnation of North Korea's actions by President Biden could increase tensions, potentially impacting South Korean assets such as the iShares MSCI South Korea ETF (EWY).
Increased geopolitical tensions often lead to market volatility. As EWY is a South Korean ETF, it could be negatively impacted by heightened tensions with North Korea.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
President Biden's statements could lead to increased geopolitical tensions, which may cause volatility in the broader market, potentially impacting the SPDR S&P 500 ETF (SPY).
Geopolitical tensions can lead to market volatility. As SPY tracks the S&P 500, it could be impacted by any broad market movements caused by these tensions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
President Biden's criticism of Russia could escalate tensions between the US and Russia, potentially impacting European assets such as the Vanguard FTSE Europe ETF (VGK).
Increased tensions between the US and Russia could lead to market volatility, particularly in European markets. As VGK is a European ETF, it could be negatively impacted.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70