According to the Japanese media outlet, Jiji Press, the United States (UN) Security Council is scheduled to hold a meeting on North Korean missile launches at 20:00 GMT this Monday.

This comes after Japanese Prime Minister Fumio Kishida urged the UN Security Council to hold a meeting on North Korean missiles.

South Korea’s military said on Monday, North Korea fired two ballistic missiles off its east coast, as the powerful sister of the North’s leader, Kim Jong-un, warned the isolated and nuclear-armed state could turn the Pacific into a “firing range”.

In response, the US geared up for their annual military exercises as part of efforts to ward off the growing nuclear and missile threat that the North poses.

Market reaction

The US S&P 500 futures are down 0.10% on the day while the Asian stocks are recovering ground after a negative open to the week. The US Dollar Index has paused its recovery, although defends 104.00 so far this Monday.