Relevant:
- Emerging-Markets Stocks, Currencies Retreat on Credit Concern
- Korean Builders to Rebound on Easing Mortgage Rules, Tax Breaks, BNP Says
- North Korean Leader Kim Jong Il, 69, Has Died
- Japan, South Korea drive global bitcoin prices as retail investor pile in
- US attack on North Korea is imminent, George Friedman says
2017-08-11 — bloomberg.com
It's a point also made by Mark Mobius, the Templeton Emerging Markets Group executive chairman and apostle for emerging-market investing. He said in a May interview about the prospect of a North Korean nuclear conflict: "there's nothing you can do about it -- if something breaks out, we're all finished anyway."
Maybe that's why the worst day this year for the Kospi index of South Korean stocks was July 28, which was all about a global tech-stock retreat and nothing to do with geopolitics.''
Or perhaps we're still just predominantly in "bad news is good news" mode...
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