# NK missile launch has little impact on S. Korean financial market - The Korea Herald

> South Korea said North Korea's latest missile launch, a Hwasong-14 fired shortly before midnight on Friday, had little direct impact on its stock and currency markets. Authorities held an emergency meeting and pledged around-the-clock monitoring under a contingency plan. The KOSPI opened slightly lower and the won weakened to 1,124.4 per dollar.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: geopolitics · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/70199-nk-missile-launch-has-little-impact-on-s-korean-financial-market-the-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Geopolitical tension on the Korean Peninsula has limited direct effect on grain, oilseed or feed prices, so the market impact for feed buyers is negligible. Escalation would be a risk only if it disrupted regional trade or shipping.

## Sources

- koreaherald.com: https://www.koreaherald.com/article/1400369

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.