N Korean missile test rattles markets

A North Korean missile test on Tuesday brought geopolitical tensions to the fore and sent the Straits Times Index down 18.28 points to 3,249.34. At 5pm, the Dow futures had dropped 144 points, signalling a weak opening for Wall Street, while Europe opened in the red across the board.

According to news reports, North Korea fired a missile early on Tuesday that flew over Japan and landed in the Pacific about 1,180 km off Hokkaido. Japanese Prime Minister Shinzo Abe said it was "a most serious and grave" threat. Reuters de…