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North Korea raises the stakes by firing missile over Japan

Asian stocks and currencies fall as markets begin to take the threat seriously; safe-haven investments such as gold and the yen gain

A large television screen screening news about North Korea's launch of a missile over Japan on Tuesday. South Korean military officials say it was launched from near Pyongyang, flew 2,700 km and hit an altitude of about 550km.


GLOBAL financial markets began to take the threat of a new Korean conflict more seriously on Tuesday, after North Korea fired a missile over Japan's northern island of Hokkaido and into the North Pacific Ocean in a move seen to have raised the threat...