Global markets were lower overnight on low volume as investors were mostly absent as the US market was closed for Labour Day holiday.
Geopolitics were back in the spotlight yesterday as tensions surrounding North Korea were heightened again on the back of the nuclear bomb test carried out by the regime over the weekend. The US ambassador to the United Nations said North Korea was "begging for war" by testing a nuclear weapon over the weekend and demanded the strongest sanctions possible to bring the Kim Jong-Un regime to heel.
While the news appears to have hit market sentiment, there was no major panic and losses were not large. It will be interesting to see how the US market trades when it opens tonight.
Stock in Focus: SKY Network Television (SKT:NZ / SKT:AX)
Shares in Sky TV hit an 18-year low yest...
