Tuesday, 18 April 2017

Asia stocks slip amid North Korea concerns, dollar up on Mnuchin comments

Asian stocks pulled back in early trade on Tuesday, while the Dollar bounced back from a five-month low after the US Treasury Secretary's comments supported a stronger currency, although escalating tensions over North Korea capped gains. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.15 percent lower.

Japan's Nikkei jumped 0.8 percent, its biggest one-day gain in three weeks, thanks to a weaker yen.

Australian shares slipped 0.8 percent on their first trading day this week.

South Korea's KOSPI climbed 0.1 percent.

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