North Korea said the US will “pay dearly” after its UN (United Nations) Ambassador Nikki Haley said the isolated nation was “begging for war,” again ratcheting up tensions as world leaders consider a fresh round of sanctions.Describing Haley’s comments to the UN this week as a “hysteric fit,” a commentary by the state-run KCNA (Korean Central News Agency) on Friday warned the US of unspecified retribution.

The North Korean nuclear crisis dragged Asian markets further into the red on Wednesday as world powers struggled to agree how to deal with the isolated state, while doubts about further US interest rate hikes dragged the dollar.With few other catalysts to deflect attention from the face off with Pyongyang, investors continue to flock to safe-haven assets, sending gold to near one-year highs and the yen flying.UN Secretary General Antonio Guterres warned against "confrontational rhetoric

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.