South Korea's Presidential Office holds an emergency meeting regarding North Korea missile launch
Newsquawk ·
South Korea's Presidential Office holds an emergency meeting regarding North Korea missile launch. Emergency meetings at the presidential office after a North Korean missile launch are the standard first response and have historically carried more significance as a signal of severity than as market information in themselves; the operational details, trajectory, range, and whether the flight passes over or near Japanese territory, are what have differentiated a routine test from an episode that reprices risk. KRW and Kospi have on past occasions of this kind shown a familiar pattern: an initial risk-off move in the won, a bid in JPY and gold, and a fade once the launch is confirmed as a test rather than an operational act, with the fade faster when the projectile lands in the sea and no live-fire response follows. The variables that have historically extended the move are an intercontinental-class trajectory, a launch timed to coincide with allied military exercises or diplomatic events, and any indication of a nuclear test to follow, since that is the escalation step markets have treated as qualitatively different. The follow-ons to track are the South Korean and Japanese military assessments, any emergency UN Security Council scheduling, and the tone of the US response, which has tended to set whether the episode stays contained to a one-day headline cycle. North Korean launches have occurred frequently enough that the base rate favours mean reversion unless the character of the test itself changes. 29 Oct, 04:52 IRGC says it shot down 14th MQ-1 drone over the Strait of Hormuz, according to Tasnim and Mehr News 29 Oct, 04:18 North Korea reportedly fired around 10 missiles, according to media reports 29 Oct, 04:09 Russia downed most of the 613 drones that headed towards Moscow overnight, according to reports citing the mayor 29 Oct, 03:57 Japan's Coast Guard says North Korea fired a suspected ballistic missile 29 Oct, 03:48 Russian President Putin's aide said Moscow is negotiating with Washington regarding lifting sanctions against the Russian Direct Investment Fund Russian Embassy in Berlin told RIA Novosti that German authorities have set a course for a large-scale militarisation of the country, increasing the size of their armed forces and spending huge funds on defence 2 hours ago South Korea's Defence Ministry says North Korea's deployment of older weapon systems near the border appears to be performative 3 hours ago Saudi Civil Defence announces danger has passed in the eastern province and Najran province 5 hours ago US President Trump says at a rally in Ohio they will renamed the Strait of Hormuz the Trump Strait 5 hours ago Saudi Civil Defence issues an emergency warning for the Najran province, while Saudi sources report explosions heard in the eastern province 5 hours ago Saudi Civil Defence issues emergency alert for Eastern Province 5 hours ago Iranian Foreign Minister Araghchi says Iran coulr reopen Hormuz within days if its conditions are accepted, according to Press TV 6 hours ago Saudi-led coalition forces intensified military action against Yemen by carrying out 101 airstrikes and missile attacks during the past 24 hours, according to IRNA 6 hours ago White House principal deputy press secretary Kelly told Jerusalem Post that US will not be attacking Iran at any time prior to the midterm elections, adds that Iran is in very bad condition, both economically and militarily 6 hours ago US warns allies to brace for possible Iran strikes, according to AP citing two diplomats 7 hours ago Iranian press notes baseless claim by US CENTCOM that main transit routes through the Strait of Hormuz have been cleared of sea mines 7 hours ago US President Trump says Iran needs help with medical supplies and that VP Vance's letter was about supplies to help people 8 hours ago Israel conducts two airstrikes on areas in southern Lebanon, according to Mehr News Agency 8 hours ago US VP Vance reaches out to an Iranian hard-liner in a bid to restart peace talks, WSJ reports 9 hours ago There has been a lot of back and forth between the Iranians and Americans via the mediators over the last few days, NewsNation reports, citing a source 10 hours ago
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