US voices concern over China's intercontinental missile test

The test comes as the U.S. and China compete for influence in the Indo-Pacific. The U.S. has repeatedly called for transparency from Beijing on missile development. The State Department said it remains committed to defending allies in the region.

The launch didn't trigger a significant market reaction. U.S. equity futures traded flat in early Asian hours. Defense stocks saw little movement.

The United States didn't announce any immediate policy changes. It said it would continue to monitor China's military activities. The U.S. expects China to respond to its call for arms control discussions. No date has been set for the next round of talks.