North Korea fires 10 missiles day after Trump curtails South Korea joint drills

North Korea fired about 10 short-range ballistic missiles towards the sea on Thursday, according to South Korea's military. This move comes a day after the US scaled back joint military exercises with South Korea, in what appears to be an attempt to ease tensions with North Korea's leader, Kim Jong-un. The missile launches are a significant development, as they could indicate a shift in North Korea's stance on diplomacy, and may have implications for trade and economic relations in the region.

Why it matters

North Korea's missile launches increase tensions in the region. This could lead to a decrease in investor sentiment and a rise in safe-haven assets.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

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