Asian equities decline with greenback on defensive

Asian equities decline with greenback on defensive

On Wednesday, Asian equities tracked Wall Street's decline overnight, while the evergreen buck stood on the defensive following renewed tensions in the Korean Peninsula.

MSCI's index went down 0.7%.

Japan's Nikkei N225 reached a four-month minimum and last tumbled 0.3%. Australian equities slid 0.6%.

Shanghai went down 0.4%, while Hang Seng lost 1% in Hong Kong.

In South Korea KOSPI slumped 0.3%, with car equities sagging on worries as for their sales in China. The index has gone down for the last four days.

Equities in South Korea are closely watching further risks from North Korea.

American shares dropped overnight, with the S&P 500 going down to its greatest single-day loss for three weeks.

The greenback posted losses versus the Swiss franc and the Japanese yen, thus reflecting the risk-averse mood in the broader financial markets.

The common currency stood still sticking to $1.1913 before Thursday's ECB policy gathering.



ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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