Asian equities are mixed with Japan demonstrating a rebound after NKorea missile

Asian equities are mixed with Japan demonstrating a rebound after NKorea missile

On Wednesday, Asian equities were mixed with Tokyo demonstrating a rebound just a day after a North Korean ballistic missile test over Japan. However, market participants were braced for reacting anew to recent provocations after the United Nations Security Council officially condemned North Korea once again for enhancing its weapons programs.

The Nikkei 225 rallied 0.53% in Japan, while South Korean Kospi soared 0.09%.

In Australia the S&P/ASX 200 declined by 0.15%. Additionally, Telstra, Australia's number one telco, happened to be in the spotlight having dropped nearly 8% because it reported on Wednesday that it would be rejecting an initiative to have future income from National Broadband Network monetized.

The Hang Seng index rallied 0.79% in Hong Kong, while the Shanghai Composite went down 0.03%. Additionally, Hong Kong-listed equities of China Southern Airlines rose 4.74% right after the airline told on Tuesday that its first-half revenue had sunk 11%. Equities of the company on the mainland tacked on 5.81%.

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