"North Korea Has Fired What It Claims Is A Military Spy Satellite, The South's Armed Forces Said On Tuesday, Hours After Japan Confirmed That Pyongyang Had Warned It Of An Imminent Launch" - Barron's
Portfolio Pulse from Benzinga Newsdesk
North Korea launched what it claims to be a military spy satellite, detected by South Korea's military and confirmed by Japan. The launch violates UN resolutions and comes after North Korea's previous failed attempts in May and August. South Korea and the US have warned against such actions, and South Korea hinted at suspending a military agreement with the North. The launch was unexpected, as it occurred before the notified window. Experts believe North Korea's satellite capabilities could enhance its military intelligence. South Korea plans to launch its own spy satellite with SpaceX later this month. The US has increased defense cooperation with South Korea and Japan, with the USS Carl Vinson arriving at South Korea's Busan Naval Base.
November 21, 2023 | 4:20 pm
News sentiment analysis
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NEGATIVE IMPACT
Japan's confirmation of North Korea's launch and the initial alert in Okinawa may cause concerns among investors, potentially affecting the iShares MSCI Japan ETF (EWJ).
Japan's involvement and the temporary alert issued could create uncertainty among investors, which may lead to short-term negative sentiment towards Japanese assets, including EWJ.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The launch by North Korea may increase geopolitical tensions in the region, potentially affecting South Korean markets and the iShares MSCI South Korea ETF (EWY).
Geopolitical tensions often lead to market volatility. The launch by North Korea could escalate tensions, potentially leading to a negative impact on South Korean assets, including EWY.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70