N.Korea to Trump: "You are sentenced to death" - Indexes fall, JPY rise

The North Korean newspaper Radong Sinmun, designated as a spokesman for the regime in North Korea, came up with an article in which Donald Trump is accused of insulting the republic and "Sentenced to Death."

As a result of the news, we expect growth in currencies such as JPY and CHF as well as gold and inverse ETFs, instruments used by investors to hedge long positions in market uncertainty.

The news had its impact on the market, and JPY, CHF and Gold rose strongly. JPY is currently trading at +0.69%, CHF +0.27% and gold by 0.38%. The news also put pressure on the indices, with the SP500 trading 0.73% and the Dow Jones with -0.65%.

The VIX Fear Index rose to a record high for the past 12.26 points.

The material is in response to Trump's statement during his visit to Seoul. During the visit to South Korea, Trump criticized the Communist Republic and declared it a threat to world peace because of the nuclear program it is leading. From the North Korean media, Trump described it as "a slave of money"

"This mad and wicked dog committed several crimes against our homeland The worst offense to never pardon is that he dared insult the dignity of our senior leadership He must know he is a disgusting criminal, sentenced to death by the Korean people, "said Radong Sinmun.

Jr Trader Petar Milanov

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