Markets always struggle to price geopolitical risk and the Trump administration has led to policy confusion but, writes Anthony Rayner, very few of the key players in the ongoing drama want a destabilised North Korea
There has been a great deal of noise, provocations, threats and serious flexing of military muscle between the US and North Korea. Beyond the headlines talking, less than reassuringly, about "two madmen with nukes", however, what do we really know? Geopolitics is always complex as it is essentially horse-trading and brinkmanship on a global scale but there is an additional layer of complexity here. Many of the key players are relatively inexperienced, which is not only testing key loyalties - between the US and South Korea, and between China and North Korea - and potentially establishing...
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