minus academy faq plus academy faq Check in circle Apple Android Home Magnifer Calculator Mail Email Facebook Twitter RSS Linkedin Linkedin hollower Headphones Wechats Instagram Line Mail 2 Phone Phone 2 Minus Plus Arrow right Arrow left (variant 2) Arrow right (variant 2) Brand logo Brand logo not filled Hamburger Flag of the Hong Kong Flag of the US/GB Flag of the US/GB Flag of the US/GB Flag of the China Flag of the China Flag of the China (traditional) Flag of the Taiwan Flag of the Hong Kong Flag of the Spain Flag of the Russia Flag of the France Flag of the German Flag of the Portugal Flag of the Italy Flag of the Poland Flag of the Czech Flag of the Hungary Flag of the Sweden Flag of the Bulgarian Flag of the Finland Flag of the Lithuania Flag of the Denmark Flag of the Croatia Flag of the Estonia Flag of the Norway Flag of the Romania Flag of the United Arab Emirates Flag of the United Arab Emirates Flag of the Indonesia Flag of the Malaysia Flag of the Korea Flag of the Korea Flag of the Samoa Flag of the Vietnam Flag of the Thailand Flag of the Turkey Flag of the Japan Cross Cross large User Arrow down Arrow up Cube Info list Data comunication Clock Slash
Market News
North Korea Fires Missiles Again, 5 Times a Month in Total

North Korea Fires Missiles Again, 5 Times a Month in Total

25-01-2022 10:05

North Korea fired Two Cruise Missiles Again

US and South Korean Intelligence Services are currently analyzing the launch

Kim Jong Un’s 5th Domestic Test

North Korea (North Korea) fired two cruise missiles again, Tuesday (25/1/2022) morning local time. This is Kim Jong Un’s fifth domestic test this month.

“North Korea fired two suspected cruise missiles,” South Korea’s Joint Chiefs of Staff (JCS) said in a statement, without providing further details.

“US and South Korean intelligence services are currently analyzing the launch.”

Previously Kim Jong Un had announced a commitment to modernize the military since December 2021. This was followed by weapons tests, which he witnessed for himself.

The United States and Japan sees it as a disturbing act

A number of countries, including the US and its neighbors South Korea and Japan, have condemned the move. They called North Korea’s move disturbing the region.

Washington imposed sanctions on the country earlier this month. But unfortunately, Pyongyang considers it a “provocation”.

Meanwhile, the UN Security Council failed to impose new sanctions on North Korea’s weapons tests. Russia and China blocked the decision, which should have come out of the past.

KOSPI – Technical Analysis

KOSPI_2022-01-25_16-41-10
KOSPI_2022-01-25_16-41-10

$KOSPI Composite Index down -3% today after the missile launch. Actually, KOSPI is down for a total of -18% from its All-Time-High on June 2021. There’s still no sign of bounce or bullish reversal for the KOSPI index. We might see another dump in the next few days.

WHAT ZFX THINKS…

KOSPI is in a bearish trend since June 2021 and looks like will continue its bearish trend this year. the next strong support level for KOSPI is around $2500 level.

Risk Warning: The above content is for reference only, and does not represent ZFX’s position. ZFX does not assume any form of loss caused by any trading operations carried out in accordance with this article. Please be firm in your thinking and do the corresponding risk control.

ZFX (Zeal Capital Market) is an FCA & FSA licensed online Forex & CFD broker providing more than 100 products for Forexcommoditiesstock indices, and share CFDsOpen a trading account with min. USD 50 deposit and download our MT4 trading platform now!