Economic: Asian markets avoid nuclear fallout

Asian markets are yet to experience fallout from North Korea's controversial nuclear weapon testing,...

Asian markets are yet to experience fallout from North Korea’s controversial nuclear weapon testing, but investors are wary of short-term risk. Ben Akrigg, director of Asian Equities at F&C Asset Management, said the initial market reaction to North Korea's claim of a nuclear weapons test was swift with stock markets across Asia falling. The South Korean market suffered the deepest falls, with a drop of 2.4% on the day of the announcement. However, by Tuesday, the market had rallied with a 0.75% rise. Akrigg said the immediate outlook for markets will depend on the response from the...