The Australia, New Zealand, United States Security Treaty (ANZUS) is a security arrangement which was signed by Australia, New Zealand and the United States in 1951, and requires trilateral cooperation regarding military matters in the Pacific region.
There are widely cited intelligence reports indicating North Korea has up to 60 nuclear weapons under its control, and it has successfully produced a miniaturised nuclear warhead that puts it well on the path to being a fully fledged nuclear power.
After North Korea reacted to new U.N. sanctions by threatening to retaliate against the U.S. "thousands of times", Trump said on Aug. 8 he would send "fire and fury like the world has never seen".
It has been a day of escalating threats between America and North Korea, who earlier this week threatened to launch a multi-missile strike in the waters off the US Pacific territory of Guam.
She told the Australian Broadcasting Corporation (ABC) that Australia was "not a party, in the legal sense, to the (current) Korean War armistice", and was at the time hesitant to declare Australia's support for the United States.
Australian Prime Minister Turnbull on August 9 praised sanctions imposed on North Korea by the UN Security Council.
Turnbull told 3AW on Friday an attack on either Australia or the U.S. would trigger the agreement, which commits the allies to consult if either is attacked.
The country's official Korean Central News Agency released a chilling new piece of propaganda on Thursday, reporting on a mass rally held in Pyongyang's Kim Il-sung Square.
"Now is a time for calmness".
New Zealand's benchmark S&P/NZX 50 index fell 70.6 points, or 0.9 per cent, to finish the session at 7,719.11, its lowest since July 31.
Prime Minister Malcolm Turnbull has dealt Australia into the argument over how to respond to North Korea's brinkmanship over its nuclear weapons program. Regardless of any possible threat to Australia, this is not good.
He was joined by defence minister Marise Payne.
The Aussie leader said the US has no stronger ally than Australia. Australia's support for the US in Afghanistan was part of a NATO deployment.
National Australia Bank fell nearly 1 per cent to close at its lowest in a week despite reporting a 5 per cent rise in its third-quarter cash profit.
Republican Sen. John McCain says "great leaders" don't threaten foes unless they're ready to act - and he's not certain President Donald Trump is ready to act against North Korea.
Turnbull may later nuance his Friday comments, but as they stand, they lock Australia into the unpredictability of unpredictable players.
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