Shado Baker
All posts from Shado Baker
Shado Baker in Asian Markets,

Asian stocks bounce back as North Korean threat recedes

AFP/Getty Images

North Korean leader Kim Jong-Un appears on screen in Tokyo.

Most Asian stock markets ended higher Tuesday, getting a fresh lift as North Korea pulled back its threat to attack Guam. After days of heated rhetoric between North Korea and President Donald Trump, Pyongyang dialed back the political tensions Tuesday with North Korean state media saying Kim Jong Un had decided not to fire missiles at the U.S. territory. South Korean markets were closed for Independence Day and Japan’s NikkeiNIK, +1.11%   led gains in Asia, with a 1.1% rise following a 1% drop on Monday. Tokyo stocks were also boosted by a pullback in the yen as the dollarJPYUSD, -0.687562%   moved back above the psychologically-important ¥110 level. Still, worries over North Korea capped the yen’s strength.