Asian equities were mostly lower in Monday trade, with the dollar sinking against the yen, as investors focused on Korean Peninsula tensions and Chinese economic data due later in the morning.
North Korea tested a missile which “blew up” soon after launch, following a military parade to commemorate the birthday of Kim Il-Sung over the weekend, Reuters said. The test came before US Vice President Mike Pence arrived in Seoul for a trip that aims to reassure American allies in Asia.
Japan’s Nikkei 225 was lower by 0.5 percent but the Kospi climbed 0.43 percent. In mainland China, the Shanghai Composite dropped 0.64 percent while the Shenzhen Composite fell 0.672 percent.
Hong Kong, Australia and New Zealand markets are closed for Easter Monday.
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