South Korea Responded to the DPRK and Fired Two Missiles

Global Market Report - September 15 2017

China on Friday said it opposes ballistic missile launches by the Democratic People's Republic of Korea (DPRK) against UN Security Council resolutions.

The statement came after Pyongyang's testing of intercontinental ballistic missiles on July 2 and 28 and previous ballistic missile launches and two nuclear tests past year. According to the British newspaper Express, South Korea has wanted to show its northern neighbor that they are ready to respond to a military strike.

Philippine Foreign Secretary Alan Peter Cayetano conveys the ASEAN position on North Korea's missile tests to North Korean Foreign Minister Ri Yong-Ho in a meeting on August 7, 2017. The other, however, has fallen into the sea when it was sacked.

"The Secretary-General calls on the DPRK leadership to cease further testing, comply with the relevant Security Council resolutions, and allow space to explore the resumption of honest dialogue on denuclearisation", Guterres said in a statement, adding that he would discuss it "with all concerned parties in the margins of the upcoming" U.N. General Assembly.

Guterres will be discussing the situation on the Korean Peninsula, with all concerned parties in the margins of the upcoming high level week of the UN General Assembly.

On September 15, North korea launched a medium-range ballistic missile over Japanese territory - several days after the adoption of UN Security Council Resolution 2375.

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"Our kababayans (countrymen) in Japan must closely monitor the Embassy's announcements and to update information on their whereabouts and contact details with the embassy or Consulate General", he said.

Meanwhile, he noted that the new missile launch proves sanctions and pressure will not work on the DPRK, and that the Korean Peninsula issue should only be addressed with a diplomatic solution.

The key outside markets on Friday morning see the USA dollar index lower.

The KCNA said Kim expressed great satisfaction over the launch, which he said verified the "combat efficiency and reliability" of the missile and the success of efforts to increase its power. "North Korea's missile launch is another reckless breach of United Nations resolutions, a major threat to worldwide peace and security which demands a global response", NATO Secretary General Jens Stoltenberg said on social media.

Kim also said the country, despite "limitless" global sanctions, has almost completed the building of its nuclear weapons force and called for "all-state efforts" to reach the goal and obtain a "capacity for nuclear counterattack the USA can not cope with".

"Our final goal is to establish the equilibrium of real force with USA and make the USA rulers dare not talk about military option for North Korea", he was quoted as saying by KCNA.

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