Asian Stock Market: Tumbles on sluggish market mood, DXY rebounds, oil defends $90.00

data and geopolitical tensions between Japan and North Korea have strengthened the negative market sentiment, which has forced the market participants to bank on sell-off.

Escalating Japan-North Korea tensions amid the recurring firing of ballistic missiles by Kim Jong-un region around Pyongyang without prior notice of any equipment has strengthened the case of demolishing harmony in Japan. Including two missile launches on Sunday, counting has increased to seven. Adding to that, the suspicious commentary from the North Korean leader has also intensified the risk of escalating tensions further.

Meanwhile, Chinese equities are facing a sell-off after the conclusion of the Golden Week Holiday. A long week holiday is responsible for the suspension of economic activities, which will display its impact in the coming weeks. A major impact will be seen on Chinese Manufacturing PMI data, which is been discounting by investors.

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