North Korea's Kim Says Recent ICBM Launch Showed N. Korea's Strategy Not To Hesitate Even A Nuclear Attack When Enemy Provokes It With Nukes
Portfolio Pulse from Benzinga Newsdesk
North Korea's leader Kim Jong-un stated that their recent intercontinental ballistic missile (ICBM) launch demonstrates the country's readiness to not hesitate in launching a nuclear attack in response to nuclear provocation by an enemy. This statement was reported by Reuters, citing the North Korean state news agency KCNA.
December 20, 2023 | 9:13 pm
News sentiment analysis
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NEGATIVE IMPACT
The ICBM launch by North Korea and subsequent statements by Kim Jong-un may increase geopolitical tensions in the region, potentially affecting investor sentiment towards Japanese markets.
North Korea's aggressive stance and missile tests often lead to increased geopolitical risk in the region, which can negatively affect market sentiment and the performance of Japanese equities, represented by EWJ.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
South Korea's proximity to North Korea and the direct mention of nuclear provocation may lead to increased volatility in South Korean markets, potentially affecting EWY.
The heightened tensions due to North Korea's missile tests and nuclear threats directly impact South Korea, leading to potential market volatility and negative sentiment towards South Korean equities, which EWY tracks.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Global geopolitical tensions stemming from North Korea's ICBM launch and nuclear threat may cause uncertainty in the broader markets, potentially affecting SPY.
While SPY represents the broader U.S. market and may not be directly affected by regional tensions, increased global geopolitical risks can lead to market-wide risk aversion and a potential downturn in SPY's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50