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• European shares dipped on Friday as another missile launch by North Korea dented investors’ appetite for riskier banking and mining stocks, though the index remained on track for its strongest week since July with markets increasingly shrugging off geopolitical turmoil.
The pan-European STOXX 600 dipped 0.2 percent as investors followed Asian markets down with a more muted reaction to this latest flare-up in aggression on the Korean peninsula.
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• Asian shares dipped slightly on Friday after North Korea fired another missile over Japan on Friday, demonstrating Pyongyang’s defiance against intensifying U.N. sanctions.
U.S. stock futures ESc1 fell as much as 0.3 percent earlier but last stood down just 0.1 percent while MSCI’s Asia-Pacific share index excluding Japan .MIAPJ0000PUS shed 0.1 percent, though it was still up 0.7 percent on the week.
• Japan’s Nikkei share average ended higher on Friday and posted its biggest weekly gain in ten months as a stronger dollar saw investors buying shares of exporters, shrugging off North Korea’s ballistic missile launch that dented risk appetite in broader Asia.
The Nikkei initially dipped in a knee-jerk reaction at the opening, but soon rebounded and stayed in positive territory before ending 0.5 percent higher at19,909.50.
• Chinese stocks paused on Friday and looked set to end the week little changed, after a slew of data suggested the economy is slowly starting to lose some momentum in the face of rising borrowing costs and government-mandated capacity cuts.
China’s blue-chip CSI300 index rose 0.2 percent to 3,838.37 points by the lunch break, while the Shanghai Composite Index lost 0.3 percent to 3,360.63.
Reference: Reuters,CNBC
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