Tuesday, 11 April 2017

Asian shares pressured by geopolitical risks; Nikkei down 0.25%

Asian equities eased on Tuesday morning, following a lower close on Wall Street as geopolitical tensions continued to weigh.

Australia's benchmark ASX 200 index reversed earlier losses of 0.08 percent to bounce 0.59 percent. The National Australia Bank reported its measure of business confidence came in at +6 in March, a dip from +7 the previous month. South Korea's Kospi fell by 0.13 percent.

Concerns over geopolitical tensions continue to build on the Korean Peninsula after the US deployed a carrier strike group closer to the region, and as joint US-Korea military drills continue till the end of the month.

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