Exchange-traded funds that track the South Korean equity market were little changed on Tuesday, after President Donald Trump said the U.S. stood “ready, willing and able” to act against North Korea militarily if it threatened the U.S. Speaking at the United Nations, Trump said he would “destroy” the country if necessary, calling it a “depraved” regime whose pursuit of nuclear weapons threatens the world. Military conflict would likely be devastating for the region, but investors didn’t seem to fear Trump’s words. The iShares MSCI South Korea Capped ETF rose less than 0.1% to $69.88, though it had risen as high as $70.12 earlier in the session. Despite elevated tensions with North Korea throughout the year, the fund is up more than 30% thus far this year. Separately, the Deutsche X-trackers MSCI South Korea Hedged Equity ETF was up 0.1%. Against the U.S. dollar, the South Korean won was unchanged.
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From:: Stock Market News