Asia shares up on North Korea reprieve, dollar back in doldrums

Asian stocks edged up on Thursday as tensions between the US and North Korea came off the boil, while worries about President Donald Trump’s ability to implement his pro-growth agenda and the Federal Reserve’s concerns about low US inflation hit the dollar.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3 percent in early trade.

Japan’s Nikkei slipped 0.1 percent, weighed down by the yen’s strength.

South Korean shares advanced 0.1 percent after the leaders of both North Korea and the United States appeared to back off from their heated rhetoric from last week.

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Posted in: Indian Market Tips