Tension on Korean Peninsula may have negative impact on region: S and P

Tension over North Korea's recent launch of a ballistic missile with intercontinental range (ICBM) will likely raise the possibility of economic and financial risks in the Asia-Pacific region, Standard and Poor's (S and P) Global Ratings said Sunday.

Asia-Pacific sovereign credit quality faces risks from possible financial market disruptions, and political and geopolitical developments. But S and P predicted tensions will not develop into a full-blown conflict, saying that a military conflict is an unlikely scenario.

Source: VOV5