All the talks and tension about possible war breaking out in Korea but the KOSPI continue to break new high breaking out of its 6 years trading range this week above 2,200 level for the first time since 2011. Certainly the price action is Kospi doesn't suggest that war is imminent. Having said that, Trump decision to end "Strategic Patience" with North Korea shows his resolve to seek a decisive resolution to this threat. Gold remains good hedge for investors who are overweight in equities.
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