The CBOE VIX Volatility index jumped some 25%, hitting 14.16, in the wake of the latest North Korean missile launch, which crossed into Japan’s airspace. Haven investments including gold, bonds and select currencies also got a boost overnight and early Tuesday in the wake of these developments. VIX, considered the stock market’s “fear gauge,” remains sharply higher ahead of the U.S. stock open. It was last changing hands at 13.75, up 21%. Tuesday’s intraday high remains below the year high of 17.28 struck on August 11 after President Donald Trump responded to North Korea’s Kim Jong-Un with a pledge of “fire and fury.”
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