Japan's Defense Ministry Said N, Korea Has Fired What Appears To Be A Ballistic Missile Monday Morning
Portfolio Pulse from Charles Gross
Japan's Defense Ministry reported that North Korea has launched a ballistic missile on Monday morning, according to NHK. This event may increase geopolitical tensions in the region.
December 17, 2023 | 11:56 pm
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NEUTRAL IMPACT
SPY, an ETF that mirrors the S&P 500, may see limited impact from North Korea's missile launch, but increased global tensions could cause some market unease.
While SPY is less directly affected by regional geopolitical events, global tensions can still lead to broader market volatility, albeit with a lower impact compared to regional ETFs.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
EWJ, an ETF tracking Japanese stocks, may face volatility due to increased geopolitical risks following North Korea's missile launch.
Geopolitical tensions typically lead to uncertainty in regional markets, which can cause investors to react negatively in the short term, potentially affecting assets like EWJ.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWY, an ETF tracking South Korean stocks, might experience short-term pressure as the missile launch by North Korea raises security concerns in the Korean Peninsula.
The proximity of South Korea to North Korea means that any military actions by the latter could have a direct impact on South Korean market sentiment, potentially affecting EWY.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80