North Korea test fires a cruise missile and anti-warship missiles from a naval destroyer, according to KCNA

North Korea's latest missile test, involving cruise and anti-warship missiles from a naval destroyer, signals potential escalation in regional tensions. This development may impact market sentiment, particularly for risk assets, and could influence safe-haven flows towards commodities like gold and currencies such as the yen. Traders should monitor the response from the U.S. and regional allies to gauge any further implications for security and policy.