Asia stocks steady, Treasury prices off highs as risk aversion settles

Asian stocks steadied and US Treasury bond prices fell slightly on Thursday as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea began to settle.

MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed after dropping 0.6 percent the previous day.

Japan’s Nikkei rose 0.2 percent and Australian shares gained 0.1 percent. South Korea’s KOSPI was little changed.

Asian stocks were supported after seeing Wall Street shares closed barely lower overnight, trimming losses, as investors appeared to brush off geopolitical concerns.

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Posted in: Indian Market Tips