North Korea conducted its sixth nuclear test which registered as a magnitude 6.3 earthquake on Sunday, which it said was of an advanced hydrogen bomb for a long-range missile, prompting the threat of a “massive” military response from the United States if it or its allies were threatened.
South Korea’s military said on Monday its air forces and the army carried out a missile drill early in the day in response to North Korea’s nuclear test, adding the drills targeted the area where the test had been carried out.
President Trump responded via twitter: ‘the US is considering … stopping all trade with any country doing business with North Korea’, pressuring countries including China and India to reduce trade with the ‘rogue nation’, as he described it.
Yen Edges Higher. The Japanese yen strengthened nearly 0.5% against the greenback and other currencies as North Korea’s latest and most powerful nuclear test provoked the usual knee-jerk shift to safe havens.
Gold Hits 10-Month High. Gold prices hit their highest in nearly 10 months early on Monday after North Korea’s nuclear test drove investors out of risky assets. Spot gold reached its strongest since Nov. 9 at $1,336.79 per ounce.
