Markets are shrugging off North Korea's latest missile launch

16 September, 2017, 18:58 | Author: Valerie Burke
  • North Korea ski resort exposed

The North Korean state media said the reclusive nation's aim was to seek an "equilibrium" of military force with the USA after an emergency meeting of the UN Security Council again condemned the Pyongyang's nuclear and missile tests.

In a statement, the Security Council said the launch was carried out just three weeks after a first missile overflew Japan and less than two weeks after Pyongyang's sixth and biggest nuclear test.

"The Security Council also emphasized the vital importance of North Korea immediately showing honest commitment to denuclearization through concrete action and stressed the importance of working to reduce tension on the Korean Peinsula", said Tekeda Alemu, President of the Security Council.

"We should clearly show the big power chauvinists how our state attain the goal of completing its nuclear force despite their limitless sanctions and blockade", Kim was quoted as saying.

"I believe it will further North Korea's isolation-diplomatic and economic isolation-because more and more nations are realising there's simply no collaboration with the global community".

The Security Council stressed in Friday's press statement after a closed-door emergency meeting that all countries must "fully, comprehensively and immediately" implement all United Nations sanctions.

The U.S. Pacific Command detected and tracked what it assessed as a single North Korean ballistic missile launch yesterday at 5:57 p.m.

The South Korea's military said that the missile reached an estimated altitude of about 770km (478 miles) and travelled 3,700km before landing in the sea off Hokkaido.

That launch was followed by a nuclear test on September 3 - its largest to date - which Pyongyang said was a hydrogen bomb small enough to fit onto a missile.

Japanese UN Ambassador Koro Bessho told reporters that North Korea's latest launch was an "outrageous act" and that the existing sanctions must be fully implemented.

Kim's comments suggest he has been clearly irked by President Donald Trump's bellicose remarks in recent months.

"As Kim Jong Un's most recent missile launch demonstrates, North Korea remains one of the world's most urgent and unsafe security problems".

The UN sanctions have cut off now 90 per cent of trade going into North Korea, Haley said.

The growing frequency, power and confidence displayed by the state's tests has heightened fears North Korea is closer than ever to its goal of building a military arsenal that can target both USA troops in Asia and the U.S. homeland.

United Nations spokesman Stephane Dujarric said the secretary-general called on North Korea's leaders "to cease further testing, comply with the relevant Security Council resolutions, and allow space to explore the resumption of honest dialogue on denuclearization".

Apparently with China and Russian Federation in mind, the council hailed efforts by council members and other states to promote "a peaceful and comprehensive solution" to the North Korean issue through dialogue.

The missile posed no threat to North America or Guam, Manning told reporters during a briefing this morning. The test was an apparent threat to Washington as the United States territory of Guam is located just 3,380 kilometers (2,100 miles) from North Korea.

US Secretary of Defense James Mattis said the launch "put millions of Japanese into duck and cover", although residents of northern Japan appeared calm and went about their business as usual.

Recommended:

  • Lawmakers wrap the 2017 legislative session, 'sanctuary state' bill goes to Gov

    Lawmakers wrap the 2017 legislative session, 'sanctuary state' bill goes to Gov

    California's Democratic political leaders have positioned the nation's largest state as a foil to Trump and his administration. But Republicans warned their colleagues that the legislation was unsafe and unnecessary, making it harder to deport criminals.
    Fernando Llorente reveals why he snubbed Chelsea for Tottenham

    Fernando Llorente reveals why he snubbed Chelsea for Tottenham

    He's one of the best defenders in the Premier League and would be extremely welcome in SW6. He added: "It is clear that Pochettino played a very important role in the decision".
    Islanders recovering from Hurricane Irma 'raped by serious prisoners on the loose'

    Islanders recovering from Hurricane Irma 'raped by serious prisoners on the loose'

    France sent nearly 1,000 medical, military and police personnel to the region, which includes the ritzy vacation island of St. The Anguillan Red Cross has been handing out food to islanders here since the day after the hurricane, and that's impressive.
  • Fire at RK Studios, 'Super Dancer...' set burnt

    Fire at RK Studios, 'Super Dancer...' set burnt

    The news agency also reported that there was no crew in the studio today being Saturday. It is being reported that the fire on the sets of the TV show " Super Dancer ".
    All Blacks thrash Springboks

    All Blacks thrash Springboks

    Milner-Skudder, Ofa Tu'ungafasi, Lima Sopoaga and Codie Taylor scored in the second half. However, the All Blacks were in the mood for a statement of their own.
    Rosie O'Donnell mourns the death of her ex wife

    Rosie O'Donnell mourns the death of her ex wife

    Michelle Rounds , the ex-wife of actress Rosie O'Donnell, has died by an apparent suicide , according to reports from TMZ . It lists survivors including Rounds' wife Kriste Monteleone of Windemere, Fla., as well as two daughters and one stepson.
  • Australia, India hope not to 'cross the line'

    Australia, India hope not to 'cross the line'

    The series will see the likes of Virat Kohli - now the world's top ODI batsman take on world's top ODI bowler Josh Hazelwood. We all are aggressive in nature, both the teams. "We have got guys who can take on the role and performwell", Rohit said.
    ICICI Lombard IPO opens today: Brokerages give thumbs up

    ICICI Lombard IPO opens today: Brokerages give thumbs up

    ICICI Lombard being the leader in the sector is well placed to benefit from this trend, the brokerage said. The company's IPO involves dilution of up to 86,247,187 shares by promoters - ICICI Bank and Fairfax.
    NASA ends Cassini's mission orbiting Saturn

    NASA ends Cassini's mission orbiting Saturn

    And its final plunge will reveal even more about the make-up of Saturn's atmosphere before Cassini disintegrates like a meteor. Three other spacecraft previously flew past Saturn , but Cassini was the only one to actually circle the planet.
  • Florida nursing home: Gov. Scott ignored our distress calls

    Florida nursing home: Gov. Scott ignored our distress calls

    A state inspection report in February 2016 cited the facility for failing to comply with regulations for emergency generators. Portable units and fans were being used, but the city of Hollywood said the facility was still "excessively hot".
    IPhone 8 And 8 Plus Up For Pre-order At Vodafone

    IPhone 8 And 8 Plus Up For Pre-order At Vodafone

    On the other hand, the iPhone 8 and iPhone 8 Plus get wireless charging and True Tone display like the hot sibling iPhone X . Apple's iPhone X won't be a friendly option for those who want to share their iPhones with family members.
    Worldwide  call to halt Rohingya 'genocide'

    Worldwide call to halt Rohingya 'genocide'

    Critics have called for her to be stripped of her Nobel Peace Prize for failing to do more to halt the strife. The government of Buddhist-majority Myanmar rejects such accusations, saying it is targeting "terrorists".


Popular

Iceland government falls over pedophile letter cover up
Mr Benediktsson said the country should hold elections as soon as possible, preferably in November. The Prime Minister's father Mr Sveinsson apologised for writing the letter.

Hillary Clinton: Democrats Will Still Face a 'Very Difficult Media Environment'
She also expressed that voter identification laws, which she labeled "voter suppression", was also responsible for her loss. But when you're Hillary Clinton , you need to blame someone because as we all know her election loss is not her fault.

Bitcoin Price Recovers, But Some Cryptos Struggle In Aftermath of Meltdown
On Wednesday, JPMorgan CEO Jamie Dimon called the cryptocurrency a "fraud", which also send the cryptocurrency market slumped. Beijing started early in 2017 to tighten the grip on bitcoin selling platforms by limiting payments.

Ronaldo scores twice as Madrid opens with 3-0 win over APOEL
Real Madrid now sit seventh in La Liga with just five points from a possible nine. "No one's apologised. Real Madrid will be buzzing to get their talisman Cristiano Ronaldo back in the team for this fixture.

Cal Thomas: Trump's deal is the option play
We urge Congress to listen to the prominent Democrats and Republicans who have expressed their outrage over this issue. Let Congress know that we don't end dreams in America, we nurture them. - Donald J.