North Korea Turmoil: Europe Tumbles To 6 Month Lows As Euro Surges Above 1.20; VIX, Havens Surge
“Financial markets think the only realistic option for the U.S. and North Korea will be to sit down and talk at some point because other options are too costly for everyone involved. But no one can rule out the risk of accidents. Markets think the chicken game will continue for now and North Korea will remain a risk.”
- Masayoshi Kichikawa, chief strategist at Sumitomo Mitsui.