Asia Markets: Korean stocks hiccup after missile test, as other Asian markets gain

More stock gains were posted early Tuesday in Asia following a holiday-shortened session in the U.S., where fresh selling in tech names continued to weigh across the Pacific.

Meanwhile, South Korean stocks saw a brief, and modest, selloff after North Korea launched another ballistic missile. The Kospi SEU, -0.58% , which was fighting to stay in positive territory ahead of the news, was recently down 0.1% after dipping 0.4% earlier.

The morning’s standout was Australia, where equities rebounded on the back of buoyant financial, materials and energy stocks. The S&P/ASX 200 XJO, +1.75% gained 1.6% after closing Monday at its lowest level in nearly two weeks.

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