Asia markets and U.S. stock futures traded lower after North Korea fired a missile over Japan early Tuesday, while gold and crude oil rallied.
U.S. stock futures fell shortly after the missile launch was reported, and remained weak. Just before 10 p.m. Eastern, Dow futures were trading 100 points, or 0.45%, lower; S&P futures were off 14 points, or 0.57% and Nasdaq futures were off 38.50 points, or 0.65%.
Gold futures added 7.70, or 0.59% to 1,322.80. On the spot market, gold was up 0.61% to 1,318.50. Crude oil futures also traded higher, adding about 0.50%.
In early Tuesday trade in Asia, Japan's Nikkei was down 136.36 points, or 0.70%. Hong Kong's Hang Seng index was down 119.98 points, or 0.43%, to 27,743.31. South Korea's Kospi was down 1.14% to 2,343.17.
The Pentagon on Monday evening confirmed that North Korea had fired a missile over northeastern Japan. "We can confirm the missile launch by North Korea flew over Japan," the Pentagon said in a news release. "We are still in the process of assessing this launch. North American Aerospace Defense Command (or NORAD) determined the missile launch didn't pose a threat to North America. We're working closely with Pacific Command, Strategic Command and NORAD and will provide an update as soon as possible.
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