North Korea Interprets Trump Talk As Declaration Of War

North Korean leadership is currently considering all possible countermeasures to President Donald Trump’s provocative weekend remarks, according to a statement from the nation’s foreign minister.

The official called Trump’s comments, in which the president questioned North Korea's longevity, a clear declaration of war and said the international community should remember that the United States started the battle.

North Korea considers itself justified in reacting defensively, including through the take down of American bombers flying even outside North Korean airspace.

"The question of who won't be around much longer will be answered then," Ri Yong-ho said in his statement.

Even as state relations deteriorated, defense stocks were slow to react and even continued on downward trends, betraying trader skepticism that the rhetorical feud will move beyond United Nations platforms and Twitter Inc TWTR.

Inured to the chatter, Lockheed Martin Corporation LMT, Boeing Co BA, Northrop Grumman Corporation NOC, Raytheon Company RTN and Kratos Defense & Security Solutions, Inc KTOS were all trading down Monday morning.

Meanwhile, SPDR Gold Trust (ETF) GLD immediately spiked 1 percent, and SPDR S&P 500 ETF Trust SPY saw a marginal drop.

Related Link: Why Doesn't The US Intercept North Korean Missiles? Maybe It Can't
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsFuturesPoliticsEventsGlobalMarketsMediaGeneraldefense stocksDonald TrumpKim Jong UnKim Jong-unNorth KoreaRi Yong-ho
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!