Forex Marketz Daily Forex News – Fully Markets Update
Markets in Asia, this morning, were under selling pressure following a down day on Wall Street as well as a new round of a war of words between the United States and North Korea.
Japan’s Nikkei 225 lost 0.32 percent as the yen strengthened overnight. Investors focused on words out of North Korea.
Across the Korean Strait, the Kospi lost 0.29 percent as tensions with North Korea grew. The index was off its lows from earlier in the session. Korean blue chip tech stocks sold off this morning. Samsung Electronics shed 2.39 percent, SK Hynix lost 2.78 percent and LG Electronics shed some 2.73 percent.
In Australia, the S&P ASX 200 traded near the flat line. The index lost 0.1 percent. There was a 2.37 percent gain in the energy sub-index. This was offset by losses in retailers and telecommunication plays.
Chinese markets were mixed. Hong Kong’s Hang Seng Index lost 0.06 percent. On the mainland, the Shanghai Composite rose 0.07 percent and the Shenzhen Composite was unchanged. This index fell 0.073 percent.
Traders in Asia watch North Korea and the US
Geopolitical tensions, in Asia, were ratcheted up again overnight. North Korea’s foreign minister said President Donald Trump declared war on his country. Foreign Minister Ri Yong Ho said that this means that the North could target and shoot down US bombers. The White House responded that the United States had not declared war on the rogue nation.
This current round of saber rattling follows Trump’s speech at the United Nations. The president had warned that if forced, the US would have “no choice but to totally destroy North Korea.”
