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Stocks around Asia were mixed as two major markets returned from the Easter long weekend, and despite a slight easing in buying of havens as tensions surrounding North Korea looked to take a breather.
Pyongyang’s failed missile launch on Saturday is keeping markets on alert, but tensions looked to have eased slightly on Tuesday, with the likes of US Treasuries and gold trading lower today after declines on Monday.
The yield on the 10-year US Treasury was up 0.2 basis points at 2.2516 per cent, while gold was down less than 0.1 percentage point at $1.284.48 an ounce.
Japan’s benchmark Topix was up 0.6 per cent as the yen eased, offering some respite to exporters. The currency, though, still remains stronger than ¥110 to the dollar.
Australia’s S&P/ASX 200, trading for the first time since Thursday, dropped 0.9 per cent, driven by declines for energy and materials stocks, with declines of more than 6 per cent for gold miners including Newcrest Mining, Regis Resources and Resolute Mining.
Hong Kong’s Hang Seng, also returning from the Easter long weekend opened flat. China’s Shanghai Composite was off 0.2 per cent.
The S&P 500 closed 0.9 per cent higher on Monday.
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