South Korea Responded to the DPRK and Fired Two Missiles

Cheryl Sanders
September 17, 2017

NATO has called for "a global response" to North Korea's ballistic missile tests early on Friday.

"Of course, we are also concerned about the safety of the 242,000 Filipinos in Japan who may be impacted by these provocative acts", Cayetano said.

South Korean Finance Minister Kim Dong-yeon will meet foreign investors in NY next week to brief them about the nation's economy, according to the finance ministry on Saturday, amid heightened tensions over North Korea's nuclear and missile programs.

The UN Security Council on Friday condemned "the highly provocative launch of a ballistic missile by the Democratic People's Republic of Korea (DPRK)" and expressed commitment to a peaceful, diplomatic and political solution to the crisis. U.N. Secretary-General António Guterres condemned North Korea's missile launch over Japan on Friday and said he would discuss the situation at the United Nations General Assembly's gathering next week.

Before North Korea's missile launch, USA bond yields had risen while Wall Street shares were mixed after US consumer inflation data rekindled expectations that the Federal Reserve will raise interest rates in December.

"Also, in the past, markets have stabilised within a few days after a North Korean missile launch". Economists polled by Reuters had forecast retail sales nudging up 0.1 percent.

In currency markets, the dollar failed to capitalise on the CPI data as the rally it begun at the start of the week ran out of steam.

The pound had already recorded its best day since April on Thursday, after investors brought forward their bets on when the Bank of England would raise interest rates after it signalled it would do so soon.

Oil prices were lower on Friday but largely held the gains that had prices testing flirting with multi-month highs the previous day as the clean-up after hurricanes in the United States meant a firmer tone for demand.

The euro was up 0.3 percent at $1.1953, staying below a 2-1/2 year high of $1.2092 set last week.

"Put together with what they have been doing in the last several months, it is very clear that it is a real threat to the peace and security of the world as a whole", he told reporters before the consultations.

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