But one stock, described as a bellwether of tensions in the Korean peninsula, is making an outsized move higher. Shares of Victek, a South Korean maker of military equipment, surged
by as much as 20%. South Korea, a longtime US ally and North Korean
adversary, may need to increase investment in its defense systems if
conflict escalates, Bloomberg reported.
Shares of Speco, another Korean defense stock, surged 13%.
President Donald Trump said Tuesday that the US would respond to threats from North Korea with “fire and fury” following reports that the country had built nuclear warheads small enough to fit on a long-range missile.
North Korea responded a few hours later by threatening to
strike Guam, a US territory in the Pacific that holds key military
“Trump’s rhetoric appears to be the sternest by a US president
since 1993, when Bill Clinton, during a visit to the North-South border,
warned that it would be pointless for Pyongyang to develop nuclear
weapons, because if they ever used them, ‘it would be the end of their
country,'” BMI Research said in a note on Wednesday.
“Following Trump’s comments, the share price of South Korean electronic warfare equipment manufacturer Victek spiked sharply to KRW5,110 (see chart below).
As we have mentioned previously, Victek’s share price is a key
bellwether of tensions on the Korean Peninsula. It previously spiked to a
record high of KRW6,180 on April 11, 2017, when Trump appeared to be
gearing up for military action against the North. Any further
provocations by Pyongyang could send the share price above the April
“Despite the increase in tensions, we still believe that a US
strike on North Korea is unlikely, as the notion appears to lack the
support of top US political and military leaders, owing to the dangers
of triggering a new war in North East Asia that could devastate South
Korea and drag in Japan and China,” BMI said.
Without a real risk to the global financial system, markets may quickly rebound from this geopolitical scare as it often has. Meanwhile, the defense companies that would benefit in the event of a conflict are worth keeping an eye on.
L. A Prisoners Infect Themselves With Coronavirus To Get Early Release (VIDEO)
A group of silly L.A area prison inmates were very eager to contract the dreaded coronavirus .
They attempted this because they believed that would trigger their ticket out of prison.
According to the L.A. County Sheriff Alex Villanueva who made the startling revelation Monday, said about twenty-four (24) inmates at the Pitchess Detention Center in Castaic attempted (and somewhat succeeded, apparently) to infect themselves way back in mid-April 2020.
The Sheriff revealed that their department saw an increase in spike in confirmed cases out of nowhere.
He said that when they investigated, they found a high number of inmates living in one block of the prison appeared to be deliberately trying to infect each other with COVID-19 any way they could from behind bars.
When Alex Villanueva played the surveillance footages he and his team combed through carefully , and it showed several inmates hanging out in a common area and passing around what Alex described as a hot cup of water, as well as one face mask they’d each put on all in hopes of getting sympathy from a judge to spring them from the facility and let them go home.
But it turns out, their little ploy worked but, only halfway.
Villanueva reported that 21 of the inmates (out of 50 in the block) caught the ‘Coronavirus.
“What they won’t catch is a break” said the Sheriff.
Watch the Video HERE
COVID-19 LOCKDOWN: 12 Year Old Albino Girl Suffers Eye Problems After Hawking Veggies In Abuja (PHOTOS)
A very sad Facebook post greeted Nigerians from Abuja showing a 12 year old Albino Girl Grace, who started developing sight problems after Hawking Veggies under the scorching sun in Abuja.
The Facebook post stated that the little girl was asked to hawk the veggies by her aunt whom she lives with.
Below are the Screenshots of the Facebook post:
This sad news has sparked an outrage by well meaning individuals who spoke against such cruelty and insensitivity of the said girl’s aunt.
what do you think of this? Drop your comments below.
“Buhari is Made In London” – Reno Omokri Blasts Presidency On Nigerian Made Products
The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced.
The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced. Many Nigerians have tagged it a harsh move that is insensitive and inhumane but moreso, Reno Omokri has singled out signals of hypocrisy in the President of Nigeria by outlining certain traits of family moves of the President that shows that he(Buhari) as the No.1 citizen has no regards for anything made in Nigeria but yet wants other Nigerians to embrace Nigerian made goods.
Reno Omokri ‘s tweet reads:
His kids schooled in England. His wife just returned from a 3 month UK stay. His daughter gave birth to his grandchild in Spain (made in Spain), yet
, who is London, wants us to patronise made in Nigeria!