Nikkei edges up despite N.Korea missile launch as dollar/yen steadies

From Reuters - September 14, 2017

* Nikkei up 0.15 pct, on track for weekly gain of 2.9 pct

* N.Korea missile launch not entirely unexpected, reaction calm

By Shinichi Saoshiro

TOKYO, Sept 15 (Reuters) - Japans Nikkei share average inched up on Friday with the market apparently unruffled by North Koreas ballistic missile launch, wih the dollar remaining relatively stable against the yen despite Pyongyangs latest challenge.

Prior to the Tokyo financial markets open on Friday, North Korea fired a missile that flew over Japans northern island of Hokkaido far out into the Pacific Ocean, South Korean and Japanese officials said.

The Nikkei initially dipped in a knee-jerk reaction soon after the open but pared the losses and last stood at 19,835.43, up 0.15 percent on the day.

The index was poised to end 2.9 higher on the week, helped by Wall Streets surge to record highs and a weaker yen.

On Thursday the Nikkei had risen to 19,918.39, its highest level since Aug. 9, rebounding from a four-month low of 19,239.52 set a week ago on North Korea and Hurricane Irma concerns.

Pyongyangs missile launch on Friday capped Japans equity markets but was unable to trigger the sort of risk aversion seen last week.


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