North Kora Tested New Solid-Fuel Engine For Intermediate Ballistic Missile
Portfolio Pulse from Benzinga Newsdesk
North Korea has tested a new solid-fuel engine for an intermediate ballistic missile, according to a report by Reuters citing KCNA. This development may raise geopolitical tensions in the region.
November 14, 2023 | 9:16 pm
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NEGATIVE IMPACT
The test of a new missile engine by North Korea may increase geopolitical risks, potentially affecting South Korean markets and the iShares MSCI South Korea ETF (EWY).
North Korea's missile tests typically create regional uncertainty, which can negatively affect investor sentiment towards assets in South Korea, including EWY.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The geopolitical tensions arising from North Korea's missile test may have a marginal impact on the broader U.S. market, as represented by the SPDR S&P 500 ETF Trust (SPY).
While the U.S. market is less directly affected by North Korean actions, increased geopolitical tensions can lead to broader market concerns, potentially impacting SPY.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50