Dow futures open more than 100 pts lower after N Korea fires missile over Japan

Source: CNBC | August 28, 2017 | Christine Wang

North Korea has fired a ballistic missile that passed over Japan, Prime Minister Shinzo Abe told reporters early Tuesday.

A South Korean military official told NBC News that the missile was fired around 5:57 a.m. local time on Tuesday. The official said that the missile flew for about 2,700 kilometers (1,678 miles), reaching a maximum altitude of 550 kilometers (342 miles). U.S. Pacific Command projected that the missile splashed down at 6:29 a.m. local time.

Japanese broadcaster NHK reported that the Japanese government warned that a North Korean missile was headed toward the Tohoku region at the northern end of the country. NHK also reported that Japan took no action to shoot down the missile.

The Japanese broadcaster reported that the North Korean missile broke into three pieces and fell into the sea.

Dow Jones industrial average futures opened more than 100 points lower following the news.

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The Japanese government has urged people in Tohoku to take refuge in solid buildings or underground shelters, according to NHK.

On Monday, U.S. and Japanese servicemen concluded joint exercises in Hokkaido, Japan’s northernmost major island. Currently, South Korean and U.S. forces are in the middle of their annual joint exercises.

A senior U.S. intelligence official told NBC that this would be the first missile test to pass over Japan on a high altitude trajectory. In 1998, North Korea fired a missile through Japanese airspace.

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