U.S. Issues Fresh North Korea-Related Sanctions Involving China-Based People, Entities. Targeting China-Based Network Supporting North Korea's Ballistic Missile, Space Programs
Portfolio Pulse from Benzinga Newsdesk
The U.S. has issued new sanctions targeting a China-based network that supports North Korea's ballistic missile and space programs. These sanctions involve China-based individuals and entities.
July 24, 2024 | 3:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The U.S. sanctions on a China-based network supporting North Korea's missile programs could indirectly affect the iShares MSCI South Korea ETF (EWY) due to regional security concerns.
Increased regional security concerns could lead to market volatility in South Korea, indirectly affecting EWY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The U.S. has imposed sanctions on a China-based network supporting North Korea's missile and space programs. This could negatively impact the iShares China Large-Cap ETF (FXI) due to increased geopolitical tensions.
The sanctions increase geopolitical tensions, which could lead to market uncertainty and negatively impact Chinese stocks included in FXI.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The U.S. sanctions on a China-based network supporting North Korea's missile programs could create broader market uncertainty, potentially impacting the SPDR S&P 500 ETF (SPY).
Broader market uncertainty due to geopolitical tensions could lead to short-term volatility in the S&P 500, affecting SPY.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50