Nikki Haley, United States ambassador to the United Nations, speaks during an emergency meeting of the U.N. Security Council at United Nations headquarters, July 5, 2017 in New York City. The United States requested an emergency meeting of the U.N. Security Council after North Korea tested an intercontinental ballistic missile earlier this week.

The United Nations Security Council will meet late Tuesday to discuss the latest North Korea missile launch, Reuters reported, citing diplomats.

North Korea fired a ballistic missile that passed over Japan early Tuesday local time, Prime Minister Shinzo Abe told reporters.

A South Korean military official told NBC News that the missile was fired around 5:57 a.m. local time on Tuesday. The official said that the missile flew for about 2,700 kilometers (1,678 miles), reaching a maximum altitude of 550 kilometers (342 miles). U.S. Pacific Command projected that the missile splashed down at 6:29 a.m. local time.

Later Tuesday, Abe said the missile was an unprecedented, serious and grave threat to Japan. The Japanese prime minister said he would ask the United Nations to up the pressure on Pyongyang.

Dow Jones industrial average futures opened more than 100 points lower following the news, while the dollar fell against the Japanese yen.

—CNBC's Christine Wang contributed to this report.