S. Korea's Military Said Tuesday N. Korea Appears To Have Links WithHamas Through Arms Trade
Portfolio Pulse from Charles Gross
South Korea's military has reported that North Korea appears to have military links with Hamas through arms trade. This news could potentially impact the geopolitical landscape and indirectly affect the performance of certain ETFs.
October 17, 2023 | 11:15 am
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be indirectly affected due to the potential geopolitical tensions arising from the reported links between North Korea and Hamas.
The reported links between North Korea and Hamas could escalate geopolitical tensions in the Middle East, which could potentially affect the performance of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The iShares MSCI South Korea ETF (EWY) could be indirectly affected due to the potential geopolitical tensions arising from the reported links between North Korea and Hamas.
The reported links between North Korea and Hamas could escalate geopolitical tensions in the Korean Peninsula, which could potentially affect the performance of the iShares MSCI South Korea ETF (EWY).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be indirectly affected due to the potential geopolitical tensions arising from the reported links between North Korea and Hamas.
The reported links between North Korea and Hamas could escalate geopolitical tensions globally, which could potentially affect the performance of the SPDR S&P 500 ETF (SPY).
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The United States Oil Fund (USO) could be indirectly affected due to the potential geopolitical tensions arising from the reported links between North Korea and Hamas.
The reported links between North Korea and Hamas could escalate geopolitical tensions in the Middle East, a major oil-producing region, which could potentially affect the performance of the United States Oil Fund (USO).
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50