South Korea's military launched a volley of ballistic missiles simulating an attack on the North's nuclear test site Monday Craig Biggio Astros Jersey , Seoul said, in an exercise responding to a test of what Pyongyang says was a hydrogen bomb.
Pictures showed South Korean short-range Hyunmoo ballistic missiles roaring into the sky in the pale light of dawn from a launch site on the country's east coast.
Authorities released video showing South Korean F-15K fighter jets firing air-to-ground missiles.
North Korea on Sunday triggered global alarm with by far its most powerful atomic test to date, claiming it was a hydrogen bomb that could be mounted onto a long-range missile.
The weapons accurately hit their targets in the East Sea -- the Korean name for the Sea of Japan -- the South's Joint Chiefs of Staff said in a statement.
The exercise "was carried out as a strong warning" to the North for conducting its sixth nuclear test, it added.
The range to the simulated targets was equivalent to the distance to the North's Punggye-ri nuclear test site, where Sunday's test was conducted, it said.
North Korea on Sunday triggered global alarm with by far its most powerful atomic test to date, claiming it was a hydrogen bomb that could be mounted onto a long-range missile.
??South Korean short-range Hyunmoo ballistic missiles roared into the sky from a launch site on the country's east coast and accurately hit their targets in the East Sea -- the Korean name for the Sea of Japan
Following the test, South Korean President Moon Jae-In called for the "strongest punishment" while top military officers in Seoul and Washington vowed a joint "military counteraction" at the earliest date.
In a series of tweets posted hours after Sunday's test, US President Donald Trump denounced the North but also criticised Seoul.
South Korea, Trump said, "is finding, as I have told them, that their talk of appeasement with North Korea will not work, they only understand one thing!"
The United States warned it could launch a "massive military response" to threats from North Korea.
The yuan closed at the strongest level against the US dollar in over 14 months yesterday, capping the largest monthly gain in more than a decade, after the central bank strengthened the official reference rate for the fourth straight day.
But economists who attributed the stronger yuan to a weak US dollar and China's economic momentum, said the fast appreciation may not last in the near term.
The yuan closed at 6.5969 per US dollar in Shanghai yesterday, slightly weaker than Wednesday’s close of 6.5927.
But the closing figure was stronger than the central parity rate of 6.6010 set by the People’s Bank of China, and it was strongest level since June last year.
The yuan can trade between two percent on either side of the central parity rate, which was set before the market opened.
Since the beginning of the month, the yuan has climbed 2 percent against the greenback, recording the largest monthly gain since July 2005.
Economists, however, cautioned that the yuan’s quick rise may not last in the near term.
Jing Ulrich, managing director and vice chairman of J.P. Morgan Asia Pacific, said the yuan is likely to be stabilized in the coming months and will stay below 7 per US dollar within the next 12 months.
She attributed the recent appreciation to the weakening US dollar especially against the euro, improved profitability at Chinese companies along with domestic economic growth, the PBOC’s effective measures to curb capital outflow, and overall strengthening of emerging market currencies.
“The yuan at the current level has greatly boosted foreign investors’ confidence in yuan-denominated assets,” said Ulrich. “So far the currency is not too strong to hurt China’s economy as the country has built strong competitiveness in manufacturing high technology products.”
She added the US dollar may bottom out in the fourth quarter and it’s uncertain if the yuan will continue to appreciate at the current speed.
The official Purchasing Managers’ Index, which measures vitality in manufacturing, rose to 51.7 in August from July’s 51.4, according to data.
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