Global markets were lower overnight on rising tensions around North Korea, however the US market managed to recover over the course of the day.
Both the ASX and NZX experienced selling yesterday as news of a fresh North Korean missile test which flew over Japan early Tuesday morning sent traders scurrying for safe-haven assets such as gold and bonds and sent share markets around the Asia-Pacific region tumbling as investors lost their appetite for risk. Given the recovery overnight we would expect a similar move higher across Australia and NZ today.
US stocks rebounded from steep losses as investors seemed to shrug off concerns over the missile test, and as US President Donald Trump said that "all options" were on the table before he flew to Texas to see the impact of Hurricane Harvey in person.
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