South Korean and Japanese Defense Stocks Are Rallying After North Korea Fired a Missile Over Japan

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Shares of South Korean and Japanese defense firms rose sharply in Asia’s session after the North launched a ballistic missile that flew over Japanese territory.

Nuclear threat?

The latest move from North Korea is a signal it may test a nuclear bomb in the next month or two, according to Rodger Baker, executive director at the Stratfor Center for Applied Geopolitics at Rane, a risk management firm.Squawk Box Asia ," adding that a test is likely to take place between China's party congress in mid-October and the U.S. midterm elections in November.

"It does make sense that if they're going to be testing sometime in the next month, month and a half, the logic would be to do it between those two events," he said. "It's probably for political considerations that North Koreans would be very cautious about testing in the middle of the Chinese Party Congress, certainly that may not go over well for the Chinese leadership and their relationship with North Korea."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in US

United States United States Latest News, United States United States Headlines