Sensex falls over 250 pts; North Korea jitters drag Europe at open

US stock futures and Asian share markets tumbled, while the yen jumped to four-month highs against the dollar after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang.

In a sharp escalation of tensions on the Korean peninsula, North Korea fired a missile early today that flew over Japan and landed in Pacific waters about 1,180 kilometres (735 miles) off the northern region of Hokkaido.

Asian share markets tumbled, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.45 percent.

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Posted in: Indian Market Tips