Geopolitics Alpha

Australia sanctions North Korean IT worker bosses and financiers

Published . Updated .

Australia sanctions North Korean IT worker bosses and financiers

Australia has imposed targeted financial sanctions and travel bans on two North Korean individuals and two companies that help the Pyongyang regime place IT workers in remote jobs abroad, so as to illicitly bring in foreign currency.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLE Energy Select Sector SPDR+4.9%

    Energy prices move when sanctioned supply is blocked

  • USO United States Oil Fund+0.9%

    This fund moves with oil prices

  • XOM Exxon Mobil+7.9%

    Oil producers move when sanctioned barrels leave the market

  • CVX Chevron+6.6%

    Oil producers move when sanctioned barrels leave the market

  • JPM JPMorgan Chase-4.3%

    Bank profits move with lending and interest rates

  • BAC Bank of America-18.8%

    Bank profits move with lending and interest rates

  • SLB SLB-4.1%

    Oilfield work in sanctioned regions can be cut off

  • GLD SPDR Gold Shares-3.3%

    Gold is a usual haven when a conflict or sanction escalates

  • LMT Lockheed Martin+4.2%

    Defense contractors get more work when conflict spending rises

  • SPY SPDR S&P 500+1.6%

    The broad market moves when a major sanction lands

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLE+0.97%+0.55%baseafter closeafter closeafter closeafter close
USO-0.46%-1.11%baseafter closeafter closeafter closeafter close
XOM+0.46%-0.17%baseafter closeafter closeafter closeafter close
CVX-0.70%-0.41%baseafter closeafter closeafter closeafter close
JPM+0.94%-0.37%baseafter closeafter closeafter closeafter close
BAC+0.26%-0.84%baseafter closeafter closeafter closeafter close
SLB-0.14%+0.83%baseafter closeafter closeafter closeafter close
GLD+3.51%+2.33%baseafter closeafter closeafter closeafter close
LMT-6.43%-7.02%baseafter closeafter closeafter closeafter close
SPY-0.09%+0.66%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Australia sanctions North Korean IT worker bosses and financiers iTnews

Source: iTnews

Taiwan Strait

CompanyWhenMoveStatus
BAthree days earlier+1.49%final price
BAfive days earlier+1.35%final price
BACthree days earlier-0.84%final price
BACfive days earlier+0.26%final price
CVXthree days earlier-0.41%final price
CVXfive days earlier-0.70%final price
GDthree days earlier-1.84%final price
GDfive days earlier-1.89%final price
GLDthree days earlier+2.33%final price
GLDfive days earlier+3.51%final price
HIIthree days earlier-2.41%final price
HIIfive days earlier-2.62%final price
ITAthree days earlier+0.79%final price
ITAfive days earlier+2.30%final price
JPMthree days earlier-0.37%final price
JPMfive days earlier+0.94%final price
LHXthree days earlier-2.14%final price
LHXfive days earlier-2.26%final price
LMTthree days earlier-7.02%final price
LMTfive days earlier-6.43%final price
NOCthree days earlier-3.30%final price
NOCfive days earlier-5.86%final price
RTXthree days earlier-0.66%final price
RTXfive days earlier-0.33%final price
SLBthree days earlier+0.83%final price
SLBfive days earlier-0.14%final price
SPYthree days earlier+0.66%final price
SPYfive days earlier-0.09%final price
USOthree days earlier-1.11%final price
USOfive days earlier-0.46%final price
XLEthree days earlier+0.55%final price
XLEfive days earlier+0.97%final price
XOMthree days earlier-0.17%final price
XOMfive days earlier+0.46%final price

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Taiwan Strait

12 out of 100

“Australia sanctions North Korean IT worker bosses and financiers” scores 12 out of 100. The score uses 1 sources.