White House Spokesperson Says The United States Strongly Condemns North Korea For Launch Of Space Launch Vehicle Using Ballistic Missile Technology
Portfolio Pulse from Benzinga Newsdesk
The White House has issued a strong condemnation of North Korea's use of ballistic missile technology in the launch of a space launch vehicle, as reported by Reuters.
November 21, 2023 | 5:23 pm
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NEGATIVE IMPACT
The condemnation of North Korea by the U.S. may increase geopolitical tensions, potentially affecting Japanese markets and assets like EWJ.
Geopolitical tensions typically create uncertainty in nearby markets, which can lead to a negative impact on assets like EWJ that track Japanese equities.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
South Korea's proximity to North Korea and the strong U.S. condemnation may lead to increased market volatility, potentially affecting EWY.
South Korea's financial markets are often sensitive to military and political developments involving North Korea, which could lead to a decrease in EWY's value.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The White House's condemnation of North Korea may cause short-term market uncertainty, potentially impacting U.S. market indices like SPY.
While SPY tracks a broad range of U.S. equities and is less sensitive to specific geopolitical events, increased global tensions can still lead to short-term market volatility.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50