Asia Markets: Asian markets sit back, wait for global news to pass

Equity markets in the Asia-Pacific region were relatively quiet ahead of a number of news events with global implications, though South Korean stocks underperformed following the latest North Korean missile launch.

The Kospi SEU, -0.02% fell 0.3% and the U.S. dollar rose 0.2% against the Korean won, extending Wednesday’s gains. Korea’s stocks and currency have been among the best performers this year in Asia, which creates a ripe environment for some profit-taking.

Later today, elections in the U.K. will get under way, the European Central Bank will hold its latest meeting and James Comey, the former director of the Federal Bureau of Investigation, will testify on Capitol Hill.

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