It was Pyongyang's first missile test since an impromptu meeting between Kim and US President Donald Trump last month
Sensex, Nifty post biggest drop of 2017; VIX index jumps 7%
Pyongyang plans to hit Guam, which is home to about 163,000 people and a US military base
Regime has carried out two atomic tests and dozens of missile launches since beginning of last year
News of the launch comes as Trump seeks tougher sanctions against the isolated nuclear-armed regime
Sources said N Korea fired off what appeared to be a ballistic missile near North Korean coast