JPMorgan CEO Jamie Dimon said North Korea a 'terrible threat' but markets shouldn't expect a bad outcome.
Dimon explained it would be a mistake for investors to rsuh to rash decisions on concerns of a nuclear war.
"I think there's a higher chance of something going wrong in the Korean Peninsula, it's slightly higher than it was before," he told CNBC-TV18 in an exclusive interview.
"But I don't think it's going to change my view of how we should go around the world and work with each other and grow our economies. It's just this terrible threat hanging out there," he told CNBC on the sidelines of an investor summit in New Delhi, India.
Dimon said that he would not "price a crisis" into markets over the North Korea nuclear threat. "I think that would be a mistake," Dimon said.
"As I pointed out before, geopolitics is always a surprise, sometimes positive, sometimes negative, it always scares you when you read the paper in the morning. But in history of mankind it usually resolves itself. I'm not saying I'm not prepared for a bad outcome, I'm simply saying I wouldn't expect a bad outcome," Dimon said.
For his part, President Donald Trump hit back at North Korea leader Kim Jong Un's threats Friday morning, responding to the rogue nation's "madman" leader with a promise that he "will be tested like never before!"
Trump's Friday tweet came after Kim lashed out late Thursday, calling Trump "deranged" and a "dotard," saying he will "pay dearly" for threatening to destroy Pyongyang in his speech to the United Nations on Tuesday.
"Dotard" is a translation of a Korean word, "neukdari," which is a derogatory reference to an old person.
Kim said Trump was "unfit to hold the prerogative of supreme command of a country" and "a rogue and a gangster fond of playing with fire."
Kim's foreign minister later said North Korea may test a hydrogen bomb in the Pacific Ocean to fulfill Kim's vow to take the "highest-level" action against the United States.
(Newsmax wires services contributed to this report).
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