North Korea has been a top stock market worry all summer, and it could be a main focus Tuesday after Pyongyang fired a ballistic missile over Japan.
North Korea has been at the top of the stock market’s wall of worry all summer, and it could be a main focus Tuesday after Pyongyang fired a ballistic missile that sailed across Japan before breaking apart over the Pacific Ocean.
Stock futures fell sharply Monday evening, with Dow futures down more than 100 points.
«The North Korea challenge has really been the only thing that investors have reacted to. I don’t know how we’re going to respond, but clearly [North Korean leader] Kim Jong Un wants some attention, » said Jack Ablin, chief investment officer at BMO Private Bank. He said there had been nervousness in Asian markets Monday.
Stock traders were spooked earlier this month after reports that North Korea could produce a nuclear weapon to fit in its missiles, and President Donald Trump said Pyongyang’s threats would be met with «fire and fury.»
Some analysts have been expecting the stock market to pull back with the approach of September, historically the weakest month of the year.
