Market Report – Markets Recover After Korean Peninsula Tensions
In today’s market report… South Korean shares opened marginally higher on Thursday, as the shock from North Korea’s artillery attack began to ease, while the won fell slightly.
South Korea’s stocks pared early losses and ended nearly flat on Wednesday, as investors downplayed the impact from a flare-up of tensions with North Korea, while a rally in Hana Financial shares lent support.
Hong Kong stocks looked set to edge up again on Thursday, after the benchmark Hang Seng rosse by 0.6 percent on Wednesday.
Taiwan’s benchmark TAIEX share index opened up half a percent higher at 8,337.90 on Thursday.
The Taiwan dollar rose, recovering from a central bank move a day ago, but met resistance from a decline in the euro, a globally strong U.S. currency and lingering fears over conflict between the Koreas.