Asian stocks tumble on North Korea nuclear test reports

On Friday, Asian shares extended losses, following reports that North Korea had conducted another nuclear test. Meanwhile, global shares along with bonds dipped on uncertainty over the prospect of further easing from the ECB after it left policy intact.

Outside Japan, MSCI's broadest index of Asia-Pacific shares lost 0.6% having touched a 13-month peak on Thursday, thus mirroring the tumble in the MSCI's all-country world index. The descends shrank revenues for the week to 2.3%.

ECB President Mario Draghi, speaking after the major bank kept its policy intact as expected on Thursday, told that the ECB was considering options to continue its money-printing program, though maintained the March end-date for asset purchases.

It disappointed market participants who were looking for more immediate action, such as an expansion or extension of the current plan or clearer hints of future actions.

Japan's Nikkei erased revenues to trade 0.2% lower, making its way to a flat end to the week, right after seismic activity triggered by the probable North Korean nuclear test.

South Korean KOSPI extended losses too on the suspected activity. Having started 0.7% lower, it was last trading down 1.3% from its Thursday's close.

China's CSI 300 index was 0.1% lower, and the Shanghai Composite stood still. 

Scroll to top