Pyongyang

The UN have issued a statement saying that they “strongly condemn” the actions of North Korea’s hydrogen bomb test, and have threatened to impose new sanctions on Pyongyang.  The president of the security council, Elbio Rosselli, told reporters that the UN had “previously expressed their determination to take further significant measures in the event of another North Korea nuclear test“.

Overnight, we got two notable headlines out of the Far East.

First, the yuan devaluation continued unabated with the RMB falling to five-year lows and the spread between the onshore and offshore spots blowing out to record wides.

Second, Kim Jong-Un detonated an H-bomb. Or so Pyongyang says.