N. Korea Said Any Use Of Nuclear Weapons Against It Will Face Its Preemptive And Destructive Response
Portfolio Pulse from Charles Gross
North Korea has warned that any use of nuclear weapons against it will be met with a preemptive and destructive response, as reported by Reuters citing KCNA.
December 17, 2023 | 2:14 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may see limited impact from North Korea's nuclear threats, as it is a broad measure of the US stock market and less sensitive to regional geopolitical issues.
While SPY represents a wide array of US stocks, the geopolitical risks posed by North Korea are less likely to have a significant direct effect on the ETF's short-term performance.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
The iShares MSCI Japan ETF (EWJ) may experience volatility due to regional security tensions stemming from North Korea's nuclear threat.
North Korea's aggressive stance on nuclear deterrence may increase geopolitical tensions in the region, potentially affecting investor sentiment towards assets related to Japan, such as EWJ.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
The iShares MSCI South Korea ETF (EWY) could face downward pressure as North Korea's nuclear threats directly impact investor confidence in South Korea.
Given the proximity and historical tensions with North Korea, South Korea's financial markets, and consequently EWY, are likely to be negatively impacted by such threats, affecting short-term performance.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80