AT Finance, Beijing, China, North Korea, Northeast Asia, South Asia, South Korea

Southeast Asia stocks mostly flat as North Korea concerns persist

French election results provided relief, but fears of another North Korean nuclear test remain

by Asia Unhedged April 24, 2017February 18, 2020

Proposed changes to Singapore's Securities and Futures Act will apply to approved exchanges, including the Singapore Exchange (SGX), and licensed intermediaries. Photo: AFP

There was little movement in Southeast Asian markets on Monday, amid continued geopolitical anxiety, reports Reuters.

A US carrier strike group is finally en route to waters off the Korean Peninsula, a move North Korea considers a provocation.
South Korea announced possible joint drills with the US contingent of ships.
North Korea will commemorate the 85 th anniversary of its military’s founding, which in the past has coincided with weapons tests.
Sentiment was further dampened as China stocks plunged in a sign that Beijing is willing to tolerate more volatility while China cracks down on speculative trading and shadow banking activities.

Source: Reuters