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South Korea Orders Show Of "Overwhelming Force", Conducts "Live Bombing" Drill As Kospi Tumbles

South Korea Orders Show Of "Overwhelming Force", Conducts "Live Bombing" Drill As Kospi Tumbles

While we await Donald Trump's response to the second consecutive North Korean provocation in four days, both on twitter and elsewhere, South Korean President Moon Jae-in has already ordered his troops to demonstrate their capability for "strong retaliation" and put on a show of "overwhelming force", after his office convened a National Security Council session.

Gold, VIX, Bitcoin Surge; Stocks, USDJPY Tumble After North Korean Missile Launch

Gold, VIX, Bitcoin Surge; Stocks, USDJPY Tumble After North Korean Missile Launch

Dow futures down over 120 points (and Nikkei 225 down over 200 points) at the reopen following North Korea's 'successful' firing of a ballistic missile across Japan.

Gold futures spiked to $1325 as USDJPY plunged...

The USDJPY is tumbling on the news... Breaking below 108.50, a break of April's 108.12 may require more than a little help from Kuroda and friends.

Japanese equity market futures plunged to 4-month lows...

 

And VIX futures are snapping higher...

North Korea Fires Ballistic Missile Over Japan; S.Korea Military Raising Alert

North Korea Fires Ballistic Missile Over Japan; S.Korea Military Raising Alert

Live Feed from NHK (in Japanese)

http://www3.nhk.or.jp/news/realtime-parts/player-live.html 

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Update 4: S.KOREA MILITARY IS RAISING ALERT AFTER N.KOREA MISSILE: YONHAP

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Update 3: According to Richard Haass, president of the CFR, the "N. Korea missile test over Japan will stimulate missile defense buildup as well as intensify consideration of preventive military action"

Journalist Interrogated, Fired For Story Linking CIA And Syria Weapons Flights

Journalist Interrogated, Fired For Story Linking CIA And Syria Weapons Flights

A months-long investigation which tracked and exposed a massive covert weapons shipment network to terror groups in Syria via diplomatic flights originating in the Caucuses and Eastern Europe under the watch of the CIA and other intelligence agencies has resulted in the interrogation and firing of the Bulgarian journalist who first broke the story. This comes as the original report is finally breaking into mainstream international coverage.

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