The United Nations Security Council unanimously imposed new sanctions that could cut North Korea’s export revenue by a third.
Futures pointed to a near flat open for Asia markets on Monday as investors likely await to hear Pyongyang’s response to U. N. sanctions over the weekend.
The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday over its intercontinental ballistic missile tests in July. Reuters said the sanctions could slash the reclusive regime’s $3 billion annual export revenue by a third.
Some analysts, however, said that it is unlikely that the sanctions could deter leader Kim Jong Un from pursuing his nuclear weapons ambitions.
Australia’s SPI futures traded at 5,684 — lower than the ASX 200’s previous close at 5,720.
