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+++ Stock market ticker +++ – Stock markets in Tokyo and Seoul after nuclear test in minus | News

Monday, September 4th, 2017 | Economy

06:45
The Nikkei in Japan and the Kospi in South Korea gave way in early trading. Experts said, however, of limited losses: the traders last month were repeatedly overreported to news from North Korea and were punished for it, explained Nicholas Young of Conventus Capital. The market seems therefore to be desensitized, especially without "a real reaction of the USA". Westpac's Sean Callow, the currency-strategist, agreed. "This year, it was not a successful strategy to start from the worst case on the Korean peninsula," he said.
The Nikkei index, comprising 225 values, was 0.9% lower at 19'508 points, around an hour before trading. The broader topix index also fell by 0.7 percent to 1608 points. The South Korean Kopsi Index lost nearly 0.9 percent. The MSCI index for Asian equities outside Japan fell by 0.5 percent.
One euro was valued at $ 1.1880 after $ 1.1857 last in the US. The dollar traded at 109.78 yen after 110.25 yen.
Top investor with 30% in cash expecting a "deeper-than-expected" correction in stocks https://t.co/cMlS16pYV3 pic.twitter.com/zbvkDvhoUy
– Bloomberg Markets (@markets) September 4, 2017

(Cash / Reuters / AWP)

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