The test, using Standard Missile-6 guided missiles, intercepted a medium-range ballistic missile target.
21:57 Wall Street regains some footing as investors buy the initial fall. Major indices like Dow Jones and Nasdaq have erased earlier losses and were in green at time of reporting.
20:42 The Dollar index, which measures the dollar against six other major currencies, fell 0.4 percent to 91.8420, around its lowest since January 2015.
19:46 Global markets are struck with panic. European markets are at a six month low and major indices like DAX and FTSE are down by over 1.50 percent in today’s trading session.
American markets also opened in red and key indices like S&P 500 and NASDAQ are down over 0.40 percent.
Read more: Dow futures fall 109 points as North Korea jitters return to haunt Wall Street
18:02 Post a phone call, Donald Trump and Shinzo Abe say that they are “committed to increasing pressure on North Korea, and doing their utmost to convince the international community to do the same.”
Both the leaders have agreed that “North Korea poses a grave and growing direct threat” to countries around the world, as per a White House statement.
He further adds that "all options are on the table" as per CNBC.
16:25 Japan and USA have called for an urgent meeting of the United Nations Security Council after Monday's North Korean missile launch.
The meeting will take place in New York on Tuesday in New York, according to CNN.
Handout photo by South Korean Defense Ministry via Getty Images
Handout photo by South Korean Defense Ministry via Getty Images
15:04 In less than six years as the leader, North Korea's young leader Kim Jong-un has conducted nearly three times the number of tests conducted by the previous two leaders put together. Read the full story here.
14:38 Foreign ministry spokeswoman Hua Chunying said, "We hope relevant parties can consider how we can de-escalate the situation on the peninsula and realise peace and stability on the peninsula."
She also repeated Beijing's call for the North to suspend missile tests in return for a halt to US-South Korean military exercises.
14:13 Russia has said it was "extremely worried" about the situation in North Korea, hitting out at a "tendency towards an escalation" after Pyongyang fired a ballistic missile over Japan.
Russia's deputy foreign minister Sergei Ryabkov said, "We see a tendency towards an escalation... and we are extremely concerned by the general developments," according to the RIA Novosti state news agency.
14:00 Here's what we know so far:
> North Korea launched a missile late on Monday.
> The missile flew over Japan's Hokkaido island.
> The missile broke into three pieces before splashing into the Pacific Ocean.
> It feel into the water, 1,180km off the Japanese coast.
> Japanese PM Shinzo Abe called it the "most grave threat ever".
> PM Abe and US President Trump spoke for nearly 40-minutes and decided to call for a special UN Security Council meeting.
> South Korean defense forces staged a live-fire drill, simulating the destruction of North Korea's leadership, to demonstrate its capabilities.
> China, a close ally of North Korea has said that the tensions have reached a "tipping point".
13:51 China is saying that North Korea tensions have reached a "tipping point", according to media reports.
13:36 Japanese Prime Minister Shinzo Abe has said that his government will take "full steps" to ensure public safety. Here's the full story.
13:11 The hermit kingdom’s posturing has already strained relationships with its neighbours and the United States and might require the UN Security Council’s emergency response.
North Korean fireworks to keep investors edgy despite improving global fundamentals. Here's the full story.
12:39 According to Japan Today, some train services were temporarily halted in Tokyo, even though the capital city was nearly 700 kilometres away from the missiles's path.
12:18 The launch today was the first time a North Korean missile flew over Japan, since 1998.
However, reports state that "a portion of a fired North Korean rocket crossed Japan in 2009."
In 1998, Pyongyang had flown a satellite launch vehicle over the country.
12:08 Japan had on Friday announced that it will impose unilateral sanctions on individuals and eight foreign companies as punishment for their alleged deals with North Korea.
I woke up with a Siren and an announcement that North Korea launched a missile that would possibly hit cities within Hokkaido. pic.twitter.com/RGiflzTqJT— Joe (@jtnarsico) August 28, 2017
11:29 Interestingly, India is North Korea's second biggest trade partner after China. Here's the full story.
11:18 Here's what we know so far:
> North Korea launched a missile late on Monday.
> The missile flew over Japan's Hokkaido island.
> The missile broke into three pieces before splashing into the Pacific Ocean.
> It feel into the water, 1,180km off the Japanese coast.
> Japanese PM Shinzo Abe called it the "most grave threat ever".
> PM Abe and US President Trump spoke for nearly 40-minutes and decided to call for a special UN Security Council meeting.
> South Korean defense forces staged a live-fire drill, simulating the destruction of North Korea's leadership, to demonstrate its capabilities.
11:11 In terms of nuclear arsenal, the US, India, China and North Korea are among the top 10 nations in the world. Here's the full story.
11:06 The US has confirmed that nuclear-armed North Korea fired a missile which flew over Japan today. Here's the full story.
11:00
Illustration animated GIF for North Korea missile launch over Hokkaido, Japan into Pacific oceanhttps://t.co/spPcDvaIgo pic.twitter.com/l2fOcqOd1M— Liveuamap (@Liveuamap) August 28, 2017
10:57 Earlier this month, US President Trump warned to retaliate with "fire and fury" before the North said it would strike the US territory of Guam. Here's all you need to know about the North Korea-US tension.
10:45
A 6am Emergency Alert that North Korea launched a missile over Japan (where I am) is a wake-up call to how lucky I am to usually feel secure pic.twitter.com/LiFifvjlTU— Bobak Ferdowsi (@tweetsoutloud) August 29, 2017
10:40 As part of the drill, four F-15K jetfighters dropped eight MK84 bombs on a simulated target at the Taebaek Pilsung Firing Range in South Korea's northeastern Gangwon province, the Presidential Office announced.
10:36 In response, South Korea's air force has staged a live-fire drill at 6:00 am local time, simulating the destruction of North Korea's leadership.
10:35 Interestingly, North Korea launched the missile from the Sunan Air Base near capital Pyongyang in order to demonstrate their capability of launching such missiles places other than the launch pads.
10:33 As expected, stocks are among the first casualties from the North Korean missile launch. Overnight, Dow futures fell as much as 147 points before recovering somewhat. Asian markets are broadly lower in early trade -- Indian shares are off about 0.7 percent.
Interestingly, the Japanese yen, considered a safe haven, is up but gold is not. Bitcoin is marginally up too.
10:31 Japanese PM Abe and US President Donald Trump had a 40-minute phone call. They agreed to ask for an emergency meeting of the United Nations Security Council in order to discuss the situation.
10:30 Several citizens in the Hokkaido prefecture woke up to missile alerts and sirens.
10:27 Japanese Prime Minister strongly criticised the missile launch, calling it the "most grave threat ever".
"We will immediately collect and analyse details and the government will take full steps to protect Japanese people's lives," he added.
10:25 Japan's top government spokesman confirmed that the missile flew over the country's northernmost island Hokkaido and then fell into the Pacific, some 1,180 kilometres (733 miles) east of the coast.
10:20 North Korea fired a ballistic missile over Japan late on Monday evening local time.
South Korea's military and the Japanese government confirmed the missile launch. It is for the first time a missile has successfully been fired over Japan by North Korea since 1998. The missile launch comes at a time when relations between North Korea and US allies South Korea as well as Japan are already strained.
In July, the North had successfully tested two intercontinental ballistic missiles.
The US Missile Defense Agency and the Navy successfully conducted a missile defense test off the coast of Hawaii, MDA said in a statement on Wednesday.
The test, scheduled well in advance, was done from the USS John Paul Jones and comes a day after North Korea fired a ballistic missile over Japan.
The test, using Standard Missile-6 guided missiles, intercepted a medium-range ballistic missile target.
An update on the Indian markets: Sensex jumps 230 points, Midcap up 1% on easing North Korea concerns.
North Korea's state run media agency has said in its report that the country's next target is Guam - an unincorporated and organized territory of the United States
A report from Korean Central News Agency says that Kim Jong Un expressed great satisfaction over the successful launching
Wallstreet regains some footing as investors buy the initial fall. Major indices like Dow Jones and Nasdaq have erased earlier losses and were in green at time of reporting.
The Dollar index, which measures the dollar against six other major currencies, fell 0.4 percent to 91.8420, around its lowest since January 2015.
Global markets are struck with panic. European markets are at a six month low and major indices like DAX and FTSE are down by over 1.50 percent in today’s trading session.
American markets also opened in red and key indices like S&P 500 and NASDAQ are down over 0.40 percent.
U.S. stock index futures pointed to a sharply lower open on Tuesday, as geopolitical concerns surrounding North Korea and the West were amplified, following news that a missile had passed over Japan.
Dow futures fall 109 points as North Korea jitters return to haunt Wall Street
Post a phone call, Donald Trump and Shinzo Abe say that they are “committed to increasing pressure on North Korea, and doing their utmost to convince the international community to do the same.”
Both the leaders have agreed that “North Korea poses a grave and growing direct threat” to countries around the world, as per a White House statement.
US President Donald Trump responds to North Korea's actions and says,''Threatening and destabilizing actions only increase the North Korean regime's isolation in the region and among all nations of the world."
He further adds that "all options are on the table" as per CNBC.
Japan and USA have called for anurgent meeting of the United Nations Security Council after Monday's North Korean missile launch.
The meeting will take place in New York on Tuesday in New York, according to CNN.
