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Asia Markets: Asian markets bounce back as North Korean threat recedes

Most Asian stock markets ended higher Tuesday, getting a fresh lift as North Korea pulled back its threat to attack Guam.

After days of heated rhetoric between North Korea and President Donald Trump, Pyongyang dialed back the political tensions Tuesday with North Korean state media saying Kim Jong Un had decided not to fire missiles at the U.S. territory.

South Korean markets were closed for Independence Day and Japan’s Nikkei NIK, +1.11% led gains in Asia, with a 1.1% rise following a 1% drop on Monday. Tokyo stocks were also boosted by a pullback in the yen as the dollar JPYUSD, -1.009490% moved back above the psychologically-important ¥110 level.

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