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Asian shares head south on geopolitical concerns
On Friday, Japanese along with South Korean stocks dropped, while the South Korean won came under pressure, affected by ascending geopolitical tensions in the Korean peninsula.
Market participants were actually spooked by concerns that North Korea might conduct a nuclear test or get down to other actions, which could provoke neighbors as early as this weekend.
News that America dropped the so-called “mother of all bombs", which is the largest non-nuclear device, weighed on market sentiment.
Japan's Nikkei N225 went down 0.1%, South Korea's Kospi KS11 headed south 0.4%. Meanwhile, in China, Shanghai stocks slid 0.1%.
Outside Japan, MSCI's broadest index of Asia-Pacific stocks sank 0.4%, although many markets in the region, including Hong Kong, Australia and Singapore are closed for the Good Friday public holiday.
In addition to this, in the currency market, the South Korean won slid 0.8%.
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