Asia Markets: Asian markets slip amid new worries from North Korea

Asian stock markets edged lower Wednesday, after disappointing economic data from Japan and ominous threats from North Korea.

Japan’s Nikkei NIK, -0.44% slipped 0.4% after data showed the country’s economy contracted in the first quarter for the first time since late 2015, snapping the longest stretch of economic growth in 28 years. The economy shrank 0.6%, government data said, thanks largely to weak private consumption and business investment.

Banking, metals and energy stocks led the declines, with shares of Mitsubishi UFJ Financial Group 8306, -2.36% dropping 3%.

Markets were also put on edge after North Korea issued two separate threats to cancel the upcoming summit with President Donald Trump.

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