Wednesday, 12 April 2017

Asia mostly lower, Korean peninsula tensions in focus; Nikkei down 1.2%

Asian markets were mostly lower on Wednesday, as tensions continue to ratchet up on the Korean Peninsula following a warning from North Korea of a nuclear attack on the US. North Korean state media said on Tuesday that the hermit state was watching every move made by "enemy elements" and that its "nuclear sight (was) focused on the US invasionary bases."

The development takes place as a US aircraft carrier group makes its way toward the western Pacific following multiple missile launches from North Korea earlier in this year.

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