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65GEOPOLITICS

North Korea launches multiple ballistic missiles into sea following US-South Korea-Japan military drills

⚡ Markets: While a routine provocation, missile launches increase regional tension, potentially weighing on South Korean and Japanese equities and currencies (KRW, JPY). Defense sector stocks in the region may see a slight bid.KOSPIUSDKRWUSDJPY

North Korea fired several short-range ballistic missiles toward the sea off its east coast, according to South Korea's military. The launches occurred a day after the US, South Korea, and Japan concluded joint military exercises, which Pyongyang views as a provocation.

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