Asia Stocks Rally as Concerns of Rising Geopolitical Risk Ease
- ‘Trump’s calibrated response is a reassurance’: BDO Unibank
- Energy, technology shares pace regional gauge; Kakao surges
Markets Shrug Off North Korea Worries
This article is for subscribers only.
Asian equities advanced as fears of escalating geopolitical risk eased following U.S. President Donald Trump’s tempered response to North Korea’s launch of a ballistic missile across Japan.
More than two stocks rose for each share that declined on the MSCI Asia Pacific Index, which gained less than 0.2 percent to 160.47 as of 4:31 p.m. in Hong Kong, following a 0.2 percent slide Tuesday. Trump said the U.S. will consider “all options” in response to North Korea’s missile launch Tuesday. Kim Jong Un said the missile was a "meaningful prelude" to containing the American territory of Guam, adding he will continue to watch the response of the U.S. before deciding on further action.