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- North Korea launches missile, likely hitting Japanese waters
North Korea launches missile, likely hitting Japanese waters
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Loading...North Korea launched a missile on Tuesday, with Japan saying it appeared to have landed in the Japanese exclusive economic zone (EEZ).
"We confirm that North Korea has fired an unidentified ballistic missil."
Moon ordered a National Security Council meeting after the launch.
The meeting was to determine the country's defense readiness against further incidents.
"Our military is maintaining full preparedness against the possibility of North Korea's additional provocation."
Japan's main government spokesperson said there were no reports of damage to planes and ships in the proximity.
A U.S. military official said the projectile was an intermediate-range ballistic missile.
South Korea's Kospi index was trading at around 2,395 before the news, dipping as low as 2,385.33 afterward, but recovered slightly to trade at 2392.8.
Japan's yen, considered a safe-haven play, also initially strengthened on the news, with the dollar/yen pair falling as low as 113.11 from as high as 113.40 beforehand.
Source: Bloomberg
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