World Armed action against N Korea 'not first choice'

00:51  07 september  2017
00:51  07 september  2017 Source:   Sky News

Asian markets are on the back foot after North Korea's missile test, but there's no sign of panic yet

  Asian markets are on the back foot after North Korea's missile test, but there's no sign of panic yet Risk assets have opened under pressure in the Asian trading session, although there's no sign of investor panic following the latest missile test from North Korea. Stocks are offered while safe havens such as gold and bonds are bid, but the moves so far have been modest compared to what some may have been thinking before the start of trade.Two charts sum up the current mindset of investors. The first is the 5-minute chart of the AUD/JPY, a well known risk-proxy for investor sentiment.© Provided by Business Insider Inc The second is the 5-minute gold chart.

President Donald Trump said military action against North Korea was not the " first choice " of his administration Wednesday, edging away from his harshest threats against the regime in Pyongyang.

President Trump says military action against North Korea is not "a first choice but we'll see what happens".

Graphic setup of Kim Jong Un and Donald Trump. © Other Graphic setup of Kim Jong Un and Donald Trump. President Donald Trump says US military action against North Korea is not "a first choice but we'll see what happens".

Tensions between the two countries escalated after the Pyongyang regime recently carried out its sixth and most powerful nuclear test to date.

Mr Trump has urged China, which is North Korea's main trading partner, to put more pressure on dictator Kim Jong Un to limit his controversial missile programme.

The US leader said he has had a "strong" and "frank" conversation on the telephone with China's President Xi Jinping about North Korea.

Mr Trump said: "President Xi would like to do something. We'll see whether or not he can do it.

"But we will not be putting up with what's happening in North Korea."

He added: "I believe that President Xi agrees with me 100%. We had a very, very frank and very strong phone call."

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