Tokyo — Asian shares rallied and the dollar firmed on Tuesday after North Korea’s leader signalled that he would delay plans to fire a missile near Guam, easing tension and prompting investors to move back into beaten-down riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan extended early gains and rose 0.4% by late morning, with Australia up 0.7%. South Korea’s markets were closed for a holiday. Helped as well by a weaker yen, Japan’s Nikkei stock index was 1.3% higher at the end of morning trading, a day after skidding 1% to a three-and-a-half-month low. "Worries about a conflict between the US and North Korea are not completely gone, but the market seems to be settled now," said Masashi Oda, general manager at the strategic investment department at Sumitomo Mitsui Trust Asset Management. On Wall Street on Monday, US stocks recovered from last week’s sell-off, when the fear of such a conflict helped wipe out nearly $1-trillion from global equity markets. The...
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