North Korea Notified Japan Of Plan To Launch A Satellite Rocket Between Nov 22 - Dec 1
Portfolio Pulse from Benzinga Newsdesk
North Korea has informed Japan of its intention to launch a satellite rocket sometime between November 22 and December 1, according to a report by Reuters citing NHK.
November 20, 2023 | 5:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The iShares MSCI Japan ETF (EWJ) may experience volatility due to increased geopolitical tensions in the region following North Korea's planned satellite rocket launch.
Geopolitical tensions typically create uncertainty in regional markets, which can lead to increased volatility. As EWJ tracks the Japanese market, it may be affected by investor sentiment regarding regional security concerns.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The iShares MSCI South Korea ETF (EWY) may face short-term negative impact due to the geopolitical risks associated with North Korea's announcement of a satellite rocket launch.
South Korea's proximity to North Korea and the historical context of their relations suggest that any actions by North Korea can have a direct impact on South Korean markets. EWY, which represents South Korean equities, may be negatively impacted in the short term due to increased risk aversion.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80