Asia Opens Mostly Flat After Latest North Korea Missile Test

Markets in Asia opened mostly flat on Monday after the latest ballistic missile test by North Korea and as major markets are closed for public holidays today.

North Korea fired what looked to be a ballistic missile near its coast. The missile reportedly landed in the Sea of Japan after staying in the air for 6 minutes. This is the ninth missile the hermit state has tested this year, as it faces increasing pressure from the U.S. and historical ally China over its missile testing program.

Japan's benchmark Nikkei 225 index edged higher by 0.02 percent in early trade while South Korea's Kospi added 0.32 percent. This is the seventh straight session of gains for the Kospi.

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