Asian stock indices mixed
Mihir Kapadia, CEO and Founder, Sun Global Investments
In overnight trading, Asian stock indices are mixed with small moves in either direction. The main exception is Korea which is down 0.64 per cent at the time of writing. Many Asia-Pacific markets are slightly lower on Friday due to worries about hurricane Irma, the direction of global monetary policy and North Korea worries.
On Saturday, North Korea will mark the Founding of the Nation Day and the fear is that a nuclear or missile test will be conducted as was the case all last year. President Donald Trump refused to rule out military action against North Korea on Thursday, but he stopped short of answering a reporter's question as to whether he would tolerate a nuclearized North Korean state if the threat were contained.