Asia mostly lower, Korean peninsula tensions in focus; Nikkei down 1.2%

Asian Market 1
Asian markets were mostly lower on Wednesday, as tensions continue to ratchet up on the Korean Peninsula following a warning from North Korea of a nuclear attack on the US.

North Korean state media said on Tuesday that the hermit state was watching every move made by “enemy elements” and that its “nuclear sight (was) focused on the US invasionary bases.”

Japan’s Nikkei 225 fell 1.19 percent. The Nikkei share average is trading at its lowest since December last year.

The ASX 200 dipped 0.05 percent while the Kospi was marginally higher and trading 0.07 percent higher.

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