Why Investors Are Unfazed by North Korea's Missile Launch

Kospi advances as much as 0.4%, while won strengthens
BOK policy meeting, GDP data this week matter more, they say

LGT’s Stefan Hofer discusses the North Korea missile launch, its impact on markets, and the outlok for commodities.(Source: Bloomberg)

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By Heejin Kim, Abhishek Vishnoi, and Adam Haigh

November 29, 2017 at 2:10 AM UTC

Updated on

November 29, 2017 at 6:38 AM UTC

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North Korea launched an intercontinental ballistic missile near Japan, but investors and analysts were unfazed by the latest provocation.

The benchmark Kospi index opened higher Wednesday, gradually climbing as much as 0.4 percent with financial shares and automakers spurring the advance, before the equity gauge ended the day little changed. The won rose 0.7 percent against the dollar to 1,076.90, while benchmark 10-year sovereign bond yield was steady at 2.488 percent.