U.S. President Donald Trump said that “all options” are under consideration in response to North Korea firing an unidentified ballistic missile over Japan on Tuesday as Kim Jong Un’s latest provocation rattled markets.
“The world has received North Korea’s latest message loud and clear: this regime has signaled its contempt for its neighbors, for all members of the United Nations, and for minimum standards of acceptable international behavior,” Trump said in a statement issued by the White House.
“Threatening and destabilizing actions only increase the North Korean regime’s isolation in the region and among all nations of the world. All options are on the table.”
The missile landed in the Pacific Ocean about 1,200 kilometers (745 miles) east of Japan’s northern island of Hokkaido, Chief Cabinet Secretary Yoshihide Suga told reporters. South Korean President Moon Jae-in ordered a show of force in response, with four F-15K jet fighters conducting bomb-dropping drills.
Stocks slumped across Europe and Asia and havens including gold jumped after the missile launch, rattling markets from London to Sydney. U.S. stock futuresalso tumbled. Treasuries jumped and the dollar weakened. Gold surged to the highest this year, while the Swiss franc and the yen were the best-performing major currencies.
“A missile passing over Japan is an unprecedented, grave and serious threat,” Prime Minister Shinzo Abe told reporters in Tokyo. Abe said he spoke with Trump for 40 minutes, and they agreed to increase pressure on North Korea. He also called for China and Russia to take action.
The White House said…
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