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.