Asian equities mostly descend over North Korea tensions

Asian equities mostly descend over North Korea tensions

On Wednesday, Asian equities were mostly weaker because soaring tensions on the Korean peninsula sent caution through financial markets.

Japan's Nikkei 225 went down 1.28%, Australia's benchmark S&P/ASX 200 managed to ascend 0.52%.

The Hang Seng Index decreased 0.09% in Hong Kong, the Shanghai Composite headed south 0.18%. As for financial markets in Singapore, they were unavailable due to the National Day public holiday.

On Wednesday, Pyongyang responded with a threat to launch missiles at the Pacific island of Guam, exactly where the American extensive military facilities are situated.

The Dow Jones Industrial Average concluded lower being worth 22,085. In addition to this, the S&P 500 sank 0.24%, and the Nasdaq Composite hit 6370.46, losing 0.21%.

Fire and fury – that’s what Donald Trump promised North Korea if the isolated country dares to make extra threats to America.

His comments emerged hours after rumors that North Korea has successfully developed a miniaturized nuclear weapon for its missiles.


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