Archives of “Missile” tag

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China launched to mid missiles into the South China Sea on Wednesday morning: Source

  
  Analysis
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A source close to the Chinese military

According to a source close to the Chinese military, China launched 2 missiles into the South China Sea on Wednesday morning. The launch was to send a warning to the United States.

According to the source, the missile launch was intended to deny other forces access to the disputed South China Sea region.  Yesterday an American spy plane reportedly neared the Chinese naval drills in the sea.
The US has added 24 Chinese companies to an entity list. That will also impose a visa restrictions as a result of South China Sea tensions.

North Korea fired 3 projectiles, reports are none landed in Japanese territory

  
  Analysis
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In the midst of the oil and equity markets gappage down came NK firing off a missile test

  • Its now confirmed as three projectiles
  • fired into the East Sea
  • Apparently none have landed in Japan’s economic zone.
This encouraged further flows into yen, not that they needed much encouragement with flows into havens following weekend oil and coronavirus news
Keep an eye on virus news out of the US. Testing there is still largely prohibited by the WHite House. China had little luck trying to hide the outbreak, its not going to succeed in the US. Fear of an explosion in case numbers, and then the inevitable confirmation of an explosion in the numbers when the news can no longer be hidden is going to exacerbate volatility in stocks ahead.
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