No menu items!

North Korea test fires cruise missiles to demonstrate nuclear counterattack Reuters via biedexmarkets.com

Stock MarketsNorth Korea test fires cruise missiles to demonstrate nuclear counterattack Reuters via...

© Reuters. A strategic cruise missile is launched during a drill in this undated photo released on February 24, 2023 by North Korea’s Korean Central News Agency (KCNA). KCNA via REUTERS

By Hyunsu Yim and Josh Smith

SEOUL (Reuters) -North Korea test-fired four strategic cruise missiles during a drill designed to demonstrate its ability to conduct a nuclear counterattack against hostile forces, its state media said on Friday.

The exercise on Thursday involved an apparently operational strategic cruise missile unit of the Korean People’s Army, which fired the four “Hwasal-2” missiles in the area of Kim Chaek City, North Hamgyong Province, towards the sea off the east coast of the Korean Peninsula, state news agency KCNA said.

Other units conducted firepower training at hardened sites without live firing, it added.

The four strategic cruise missiles hit a preset target after travelling the “2,000km-long (1,243 mile) elliptical and eight-shaped flight orbits for 10,208 seconds to 10,224 seconds,” the report said.

The drill demonstrated “the war posture of the DPRK nuclear combat force bolstering up in every way its deadly nuclear counterattack capability against the hostile forces,” KCNA said, using the initials of North Korea’s official name, the Democratic People’s Republic of Korea.

The missile launches were not announced by South Korea or Japan, which are often the first to detect and publicly report such launches.

South Korea’s defence ministry said the launch was monitored but there were “differences” between what it and the United States detected and the North’s statement, without elaborating.

The launch came as U.S. and South Korean officials took part in a tabletop, or simulated, exercise that focused on the possibility of North Korea using a nuclear weapon.

In a separate dispatch, Pyongyang’s foreign ministry criticised Washington and its allies for calling a meeting of the UN Security Council over its spate of recent missile tests.

North Korea has accused the United Nations has been “unfair” on its military activities while keeping mum about U.S. and South Korean joint military exercises.

Kwon Jong Gun, the ministry’s director general for U.S. affairs, reiterated North Korea would consider “strong countermeasures” if the United Nations continues to serve as a “U.S. tool to pressure” Pyongyang.

“If the Security Council becomes a venue that judges justice for injustice and legal for illegal, under the influence of the United States and its followers, it would only cause negative results that further exacerbate military tension,” Kwon said in a statement carried by KCNA.

North Korea has forged ahead in developing and mass producing new missiles, despite sanctions imposed by United Nations Security Council resolutions that ban the nuclear-armed country’s missile activities.

Many launches, including an intercontinental ballistic missile (ICBM) on Saturday, have been reported by state media as drills designed to improve the capabilities of the troops operating the weapons.

“These demonstrations might be considered missile exercising rather than developmental testing,” the U.S.-based Center for International and Strategic Studies said in a report this week.

North Korea could test-fire ICBMs on a lower, longer trajectory and conduct its seventh nuclear test this year to perfect its weapons capabilities, South Korean lawmakers said on Wednesday, citing intelligence officials.

Unlock Your Profit Potential: Actionable Stock News, Trading Signals, and More for Savvy Investors

Supercharge Your Investment Strategy Today with the Ultimate Streaming Platform and Premium Tools

Explore more

Unlock Your Profit Potential: Actionable Stock News, Trading Signals, and More for Savvy Investors

Supercharge Your Investment Strategy Today with the Ultimate Streaming Platform and Premium Tools

Kohl's forecasts annual profit below estimates as demand slumps By Reuters

Tepid sentiment dampens global markets; Indian stocks to watch for the...

© Reuters. Global equity markets began the week on a somber note on Monday, with most indices showing losses amid cautious investor sentiment. This...
sample attachment alt

The EU cable guys have tied down Apple, yet big tech...

Sometimes, when Apple launches a new device (or even an upgrade of an existing one), it’s tempting to think that the accompanying blurb is...
U.S. mortgage interest rates remain at highest level since November

Bullock takes over at Australia central bank with soft landing in...

3/3 © Reuters. FILE PHOTO: Incoming RBA Governor Michele Bullock delivers the Sir Leslie Melville Public Lecture at the Australian National University in Canberra, Australia,...
So, Now It’s a June Pause?

Is the Fed About to Ignite a Fall Breakout?

Is the Fed leaking dovishness to the WSJ? … a positive surprise could fuel a fall breakout … “price is truth” … a new...
Surging US megacap stocks leave some wondering when to cash out By Reuters

Norges Bank boosts stake in Malaysian conglomerate Cahya Mata Sarawak By...

© Reuters. Norges Bank, the central bank and sovereign wealth fund manager of Norway, has become a substantial shareholder in Cahya Mata Sarawak Bhd,...
Asian stocks flat as China trade disappoints; earnings, inflation in focus

Asian stocks dip ahead of Fed, Hong Kong shares slump By...

© Reuters. biedexmarkets.com-- Most Asian stocks fell on Monday as investors remained broadly risk-off before a string of major central bank rate decisions this...

AUD/USD lacks firm intraday direction, consolidates in a range just below...

...
Apple iPhone 15 Pro Max Release: Insider Reveals Surprising Details

Apple iPhone 15 Pro Max Release: Insider Reveals Surprising Details

Pre-orders for the iPhone 15 series are well underway before the phone’s release instore on Friday, September 22. Here’s a full countdown to everything...
Kohl's forecasts annual profit below estimates as demand slumps By Reuters

Tepid sentiment dampens global markets; Indian stocks to watch for the...

© Reuters. Global equity markets began the week on a somber note on Monday, with most indices showing losses amid cautious investor sentiment. This...
sample attachment alt

The EU cable guys have tied down Apple, yet big tech...

Sometimes, when Apple launches a new device (or even an upgrade of an existing one), it’s tempting to think that the accompanying blurb is...
U.S. mortgage interest rates remain at highest level since November

Bullock takes over at Australia central bank with soft landing in...

3/3 © Reuters. FILE PHOTO: Incoming RBA Governor Michele Bullock delivers the Sir Leslie Melville Public Lecture at the Australian National University in Canberra, Australia,...
So, Now It’s a June Pause?

Is the Fed About to Ignite a Fall Breakout?

Is the Fed leaking dovishness to the WSJ? … a positive surprise could fuel a fall breakout … “price is truth” … a new...
Surging US megacap stocks leave some wondering when to cash out By Reuters

Norges Bank boosts stake in Malaysian conglomerate Cahya Mata Sarawak By...

© Reuters. Norges Bank, the central bank and sovereign wealth fund manager of Norway, has become a substantial shareholder in Cahya Mata Sarawak Bhd,...
Asian stocks flat as China trade disappoints; earnings, inflation in focus

Asian stocks dip ahead of Fed, Hong Kong shares slump By...

© Reuters. biedexmarkets.com-- Most Asian stocks fell on Monday as investors remained broadly risk-off before a string of major central bank rate decisions this...
Apple iPhone 15 Pro Max Release: Insider Reveals Surprising Details

Apple iPhone 15 Pro Max Release: Insider Reveals Surprising Details

Pre-orders for the iPhone 15 series are well underway before the phone’s release instore on Friday, September 22. Here’s a full countdown to everything...
Energy & precious metals - weekly review and outlook

Oil inches higher on supply concerns, China demand recovery Reuters via...

© Reuters. FILE PHOTO: Oil tankers sail along Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo By Florence...