"Putin Is To Visit North Korea, A Sign Of Deepening Military Ties; Needing Munitions To Fight In Ukraine, The Russian President Plans To Return To North Korea This Week For The First Time In Nearly A Quarter-Century" - NY Times
Portfolio Pulse from Benzinga Newsdesk
Russian President Vladimir Putin plans to visit North Korea this week, marking his first visit in nearly 25 years. This visit signifies deepening military ties between Russia and North Korea, as Russia seeks munitions to support its efforts in Ukraine.
June 17, 2024 | 2:05 pm
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI South Korea ETF (EWY) may experience volatility due to geopolitical tensions arising from Putin's visit to North Korea, which could impact South Korean markets.
Increased military cooperation between Russia and North Korea could heighten geopolitical risks in the region, potentially affecting South Korean markets and, by extension, the EWY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) might face short-term pressure due to potential European market reactions to increased military cooperation between Russia and North Korea.
European markets may react negatively to the news of deepening military ties between Russia and North Korea, potentially impacting the VGK ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50