Risk assets have opened under pressure in Tuesday’s Asian trading session, although there’s no sign of investor panic following the latest missile test from North Korea.
Stocks are offered while safe havens such as gold and bonds are bid, but the moves so far have been modest compared to what some may have been thinking before the start of trade.
Two charts sum up the current mindset of investors. The first is the 5-minute chart of the AUD/JPY, a well known risk-proxy for investor sentiment.
The second is the 5-minute gold chart.
While the former is down and the latter higher, both have partially reversed the moves seen earlier in the session.
It’s a case of investor caution, rather than panic, for the moment.
Here’s how stocks are trading across the region as at 10.50am AEST.
Australia ASX 200 5655.70 , -0.95%
NZ NZX 50 7780.47 , -0.59%
Japan TOPIX 1592.44 , -0.48%
Sth Korea KOSPI 2348.29 , -0.93%
S&P 500 Futures 2429.5 , -0.58%
AUD/USD 0.7931 , -0.39%
NZD/USD 0.7246 , -0.11%
USD/JPY 108.78 , -0.42%
USD/CNH 6.6235 , 0.09%
USD/KRW 1127 , 0.86%
US Dollar Index 92.26 , 0.05%
United States 2.131% , -0.028%
Japan 0.005% , 0.000%
Australia 2.636% , -0.034%
And finally, commodities.
Brent Crude $52.08 , 0.37%
Gold $1,316.36 , 0.52%
Silver $17.42 , 0.00%
This page will be refreshed as more markets start to trade.
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