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South Korea's stocks and currency fell after President Trump warned that North Korea would face a devastating military strike if it continued threatening the US. The Kospi index closed down 1.1 percent and the won weakened 0.9 percent against the dollar.
The 10-year bond yield rose to its highest since issuance in March.
Rising military risk on the peninsula weakens the won and lifts the dollar cost of imports for South Korean feed buyers. It also adds risk-off pressure that can spill into broader emerging-market currencies.
bloomberg.comYumi Teso, Heejin KimAug 9, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
