Twelve Capital Event Update

icn-dark-hurricane7 August 2023

Hurricane situation

Over the past week, no further named storms have been registered in the Atlantic. Two systems looked to have conditions favourable for development with a possibility of becoming the next Named Storm, Emily, but they both deteriorated away over cooler waters in North Atlantic. Currently, there are no active storms in the Atlantic Basin and forecasters do not predict hurricane formation in the next seven days.

In the Western Pacific, Typhoon Khanun is continuing to threaten landfall, however it has weakened over the previous days. Khanun looks likely to make landfall in South Korea, with a potential to hit the southern parts of Japan as a tropical storm or category 1
typhoon on the way. According to the current forecasts, Twelve Capital does not expect an impact on any of its positions from this event.

Twelve Capital continues to closely monitor relevant potential and actual catastrophe events and will issue specific updates on new major events which occur.