TSX opens lower as US-North Korea tensions weigh

The Standard & Poor's 500 index fell 5.99 points

The Standard & Poor's 500 index fell 5.99 points

Though there has been some resistance and displeasure from the people of Guam over the USA military's presence, it is also essential to the island's economy, second only to tourism.

North Korea immediately called Trump's rhetoric a "load of nonsense" that was aggravating a grave situation.

North Korea made a similar threat a few years ago. Increased geopolitical concerns between the U.S. and North Korea limited the S&P 500's upward movement.

Pyongyang responded with threats to launch preemptive military strikes against the USA, including targeting the Pacific island territory of Guam. "I have a feeling that by the end of the week, we'll feel this was just another blip on the radar". "They are here to protect the islands, just in case something happens".

Following reports that US intelligence suggests the North might be able to pair a nuclear warhead with a missile capable of reaching targets on the United States mainland, Trump warned North Korea that "it faces retaliation with fire and fury unlike any the world has seen before". It said the missiles would hit waters 30 to 40 kilometers (19 to 25 miles) away from the island.

U.S. Dollar Holds Gains.

The exercise around Japan's southern Kyushu island involved two U.S. Air Force B-1B Lancer bombers and two Japanese F-2 jet fighters, Japan's Air Self Defence Force (ASDF) said in a news release.

Speaking earlier Wednesday on his way home from Asia, he insisted the US isn't signaling a move toward military action.

"It's fantastic when you consider the headlines just how calm the equity markets are, how they've taken things in their stride", said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.

"I'm pro military buildup", said resident Gus Aflague, 60, whose grandfather and brother both joined the U.S. Navy.

In response, Trump on Tuesday threatened the communist country "with fire and fury".

"An attack or threat to Guam is a threat or attack on the United States", said Calvo, who said he spoke with White House officials Monday morning.

In the US territory, there's a sense of patriotism among those who cite the island's history of Guam residents serving in the USA military.

Guam was claimed by Spain in 1565 and became a USA territory in 1898 during the Spanish-American War. Now, about 160,000 people live on Guam. Residents do not pay United States income taxes or vote in the general election for U.S. president but its natives are USA citizens by birth. Japan seized it for about 2½ years during World War II. "They have said that America will be defended". "And not a lot of Americans know that". Hawaii is about 4,000 miles (6,500 km) to the east. This comes after United States bombers flew over the Korean Peninsula with Korean and Japanese warplanes.

In August previous year, the North's Foreign Ministry warned that all US military bases in the Pacific including Guam would "face ruin in the face of all-out and substantial attack" by the North's military.

A statement attributed to North Korea's head of strategic forces, General Kim Rak Gyom, said the plan for the strike would be ready by the middle of the month and would await orders from leader Kim Jong-un.

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