On August 29, 2017 North Korea fired an unidentified ballistic missile over Hokkaido - Japan's northernmost island. The missile landed about 1,200 kilometres (745 miles) off Hokkaido, into the Pacific Ocean. Though there were no reports of damage, countries from all over the globe have once again expressed concerns over North Korea’s nuclear capabilities.
US President Donald Trump recently warned that “all options are on the table” in response to North Korea’s recent missile tests. The latest of which, was an unprecedented launch which saw the missile soar over the northern Japanese island of Hokkaido before falling into the sea, 500 nautical miles off the east coast of Japan.
Asian stocks advanced after President Donald Trump’s measured response to North Korean missile launches and comments from Kim Jong Un suggested geopolitical tensions will ease off. The yen fell for a second day.Equity indexes in Japan, South Korea and Australia opened higher after U.S. stocks rebounded from losses initially sparked when Kim’s regime fired a missile over Japan.
