Mil­i­tary Op­tions ‘Locked & Loaded’ on N Korea: Trump

Es­ca­lat­ing ten­sions with Kim Jong-un have roiled mar­kets

The Economic Times - - Around The World -

US Pres­i­dent Don­ald Tr ump ramped up his war of words with North Korean leader Kim Jong-un af­ter a week of ten­sions that has roiled global mar­kets.

“Mil­i­tary so­lu­tions are now fully in place, locked and loaded, should North Korea act un­wisely,” Trump tweeted on Fri­day. Ear­lier, North Korea’s state-run Korean Cen­tral News Agency said the US pres­i­dent is “driv­ing the sit­u­a­tion on the Korean peninsula to the brink of a nu­clear war.” Trump is in­creas­ing pres­sure on North Korea and has vowed to un- leash “fire and fury” on Kim’s regime as it threat­ens to fire mis­siles near the Pa­cific is­land of Guam, where the US has a mil­i­tary base. The saber rat­tling has shaken global mar­kets. Asian stocks fell the most in eight months on Fri­day, the CBOE Volatil­ity In­dex climbed to the high­est level since Trump’s elec­tion vic­tory and gold hit a twom­onth high.

The cri­sis has gripped much of the re­gion. Aus­tralian Prime Min­is­ter Mal­colm Turn­bull said on Fri­day his gov­ern­ment would back the US if North Korea at­tacked. Ja­pan moved mis­sile in­ter­cep­tors into po­si­tion af­ter the Guam threat, the Nikkei news­pa­per re­ported. China, North Korea’s only ma­jor ally, called on both coun­tries to avoid the “old road” of es­ca­lat­ing hos­til­i­ties.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.