Asian shares stabilize as North Korea geopolitical tensions simmer

Asian shares stabilize as North Korea geopolitical tensions simmer

Asian shares stabilize as North Korea geopolitical tensions simmer

"That's why going back doesn't bother me at all", York said.

Governor Eddie Baza Calvo said Wednesday there is no threat to Guam or to the Mariana Islands to the north.

He said he would convene a meeting with Guam's military commander and first responders to discuss their state of readiness.

Trump's remarks on Tuesday that North Korea would face "fire and fury like the world has never seen" weighed on Wall Street and drove up the VIX "fear gauge" .vix , or the cost of protection against a drop in the S&P 500. South Korea, a longtime USA ally and North Korean adversary, may need to increase investment in its defense systems if conflict escalates, Bloomberg reported. "I feel safe with our military presence here - Andersen and the Navy". While there has been some resistance and displeasure from the people of Guam over the US military's presence, it is also essential to the island's economy, second only to tourism in importance.

During the Vietnam War, the Air Force sent 155 B-52 bombers to Guam to hit targets in Southeast Asia. Residents do not pay USA income taxes or vote in the general election for US president.

"Obviously we are looking at the increased tensions between the USA and North Korea", said Brad Bechtel, managing director FX at Jefferies in NY.

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Guamanians have served in all major US wars since World War II and see military service as a source of pride.

But the Self-Defense Forces, the country's military, will "take necessary measures", he said. Chamorros are the indigenous people of Guam.

Guam is about 2,400 kilometres south of Tokyo.

Japanese fighters conducted joint air drills with United States supersonic bombers in Japanese skies close to the Korean peninsula on Tuesday, Japan's Air Self Defence Force said.

FILE - In this May 13, 2017 file photo, Japanese soldiers use rubber rafts as part of an amphibious drill during joint military exercises between the U.S., Japan, France and the United Kingdom, on Naval Base Guam. However, any signs that the U.S.is preparing for an attack on North Korea and/or the actual launching of missiles by North Korea would likely lead to more significant selling pressure.

Guam is armed with the U.S. Army's defense system known as Terminal High Altitude Area Defense, or THAAD, which can intercept missiles.

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