Asian equities ended mixed in Monday trade, with the dollar sinking against the yen, following tensions in the Korean Peninsula and better-than-expected Chinese economic data.
North Korea tested a missile which "blew up" soon after launch, following a military parade over the weekend, Reuters said. The test came before U.S. Vice President Mike Pence arrived in Seoul for a trip aimed at reassuring American allies in Asia.
The dollar/yen traded at 108.41, earlier plunging to its lowest levels since November. Likewise, the yen was stronger compared with the euro, with the euro/yen weakening to a five-month low of 114.82 yen earlier in the session. The euro/yen traded at 115.14 yen at 2:30 pm HK/SIN.
Demand for other safe-haven assets strengthened, with spot gold trading at $1,287 an ounce at 2:30 pm HK/SIN, hitting a five-month high of $1,295.50 earlier in the session.