Most Asian markets lower; Nikkei erases gains, Kospi down 1.2%

Asian markets were mostly lower after reports indicated an earthquake in North Korea was caused by an explosion, possibly from a nuclear test in the isolated nation.

 

Japan's benchmark Nikkei 225 was off 0.1 percent, erasing earlier gains, and South Korea's Kospi extended losses, down 1.19 percent, after Yonhap broke news of a suspected nuclear test in North Korea after an earthquake was detected near a known nuclear testing site. Australia's S&P/ASX 200 opened down 0.6 percent, dragged by losses in its heavily-weighted financials subindex, which slid 0.87 percent, but losses were offset by its energy sector rising 1.55 percent. 

 

Chinese markets were nearly flat, with the Shanghai composite lower by 0.05 percent and the Shenzhen composite down 0.044 percent. In Hong Kong, the Hang Seng index was up 0.43 percent.

 

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