Asian equities trade weaker; dollar sinks against yen
Asian equities trade weaker in Monday’s trade with dollar sinking against yen as investors eyes on Korean Peninsula tensions & Chinese economic data.
As per a leading market source, N Korea tested a missile which blew up soon after launch, followed by a military parade to commemorate the birthday of KIM-II Sung.
Dollar-Yen traded at 108.32, previously plunging to lowest levels since Nov 15 previous year.
Earlier in the session yen was stronger as compared to euro, with the euro/yen weakening to a 5 month low of 114.82 yen.
Japan’s NIKKEI is trading down by 59 points or 0.33% at 18275 levels.
Hang Seng Index is trading down by 51 points or 0.21% at 24261 levels.
ASX 200 is trading down by 44 points or 0.74% at 5889 levels.
China’s Shanghai index is trading down by 2 points or 0.75% at 3221 levels.
Kospi is trading up by nearly 9 points or 0.41% at 2143 levels.
Demand for safe haven assets strengthened with spot Gold trading at $1294.34 per ounce at 8:55 am HK/SIN.
In currency news, the dollar traded weaker against a basket of major currencies at 100.39, significantly lower than as compared to the 101 handle witnessed last week.