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Asian markets mostly higher as North Korea rhetoric settles down

Bloomberg News

Light trails left by passing traffic are seen along a road at night in Seoul, South Korea.

Stock markets across Asia were higher on Monday following last week’s pullback, as senior U.S. officials over the weekend sought to play down risks of a military conflict with North Korea. Hong Kong’s Hang Seng Index HSI, +1.36%   was up 1.1% after registering its biggest one-week decline since December. Elsewhere, Australia’s S&P/ASX 200XJO, +0.66%   added 0.5% and Singapore’s Straits Times Index STI, +0.88%   rose 0.6%, with buying across sectors. There has been a repricing to reflect the reduced possibility of war in the Korean Peninsula, said Vishnu Varathan, head of economics and strategy at Mizuho Bank in Singapore. “Some of the rhetoric has scaled back.”