SE Asia stocks fall after N.Korea missile launch hits sentiment
- 4 Jul 2017 at 18:09
- WRITER: REUTERS
A man walks past a TV broadcasting a news report on North Korea's missile at a railway station in Seoul. The missile launch put pressure on stock markets in Southeast Asia. (Reuters photo)
Southeast Asian stock markets fell on Tuesday tracking weak regional markets after North Korea test-fired a missile that landed in Japanese waters, pressuring riskier assets.
The missile, launched days before leaders from the Group of 20 nations are due to discuss steps to rein in Pyongyang's weapons programmes, flew a trajectory that an expert said could allow a weapon to hit the US state of Alaska.
"North Korea's missile deployment to Sea of Japan is a sign of increasing intensity of security risk in the region," said Jim McCafferty, head of equity research for Asia ex-Japan at Nomura in Hong Kong.