Seoul leads Asia equity drop after N. Korea testHONG KONG -- South Korean stocks led most Asian markets lower Friday after the North conducted another nuclear test, while trading was also hit by worries over global central bank policy easing. Pyongyang said it had conducted a "successful" fifth nuclear test, which South Korea said was its largest-ever. Adding to pressure on equities were worries about central bank inaction in dealing with a slowdown in the global economy. On Thursday, the European Central Bank opted against fresh stimulus, with its president Mario Draghi calling for "patience" to see the effect of vast amounts of cash already injected into the system. The uncertainty sparked by Pyongyang's nuclear test sent higher-yielding, risker, currencies lower as dealers sought safety.

Source: The China Post September 09, 2016 16:30 UTC