Tension on Korean Peninsula may have negative impact on region: S&P

Tension over North Korea’s recent launch of a ballistic missile with intercontinental range (ICBM) will likely raise the possibility of economic and financial risks in the Asia-Pacific region, Standard & Poor’s (S&P) Global Ratings said Sunday.

Asia-Pacific sovereign credit quality faces risks from possible financial market disruptions, and political and geopolitical developments. But S&P predicted tensions will not develop into a full-blown conflict, saying that a military conflict is an unlikely scenario.

Source: VOV5

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