A key bellwether of North Korea tensions is surging

pulse

August 9, 2017 7:21 PM

Victek, a South Korean maker of warfare equipment, surged by as much as 20%.

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Tension between the US and North Korea helped create a small dent in several stock markets around the world on Wednesday.

But one stock, described as a bellwether of tensions in the Korean peninsula, is making an outsized move higher.

Shares of Victek, a South Korean maker of military equipment, surged by as much as 20%. South Korea, a longtime US ally and North Korean adversary, may need to increase investment in its defense systems if conflict escalates, Bloomberg reported.

Shares of Speco, another Korean defense stock, surged 13%.

President Donald Trump said Tuesday that the US would respond to threats from North Korea with

Victeksee chart below

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