Economic news

Review: Asian markets rise, geopolitical risks in focus

Asian shares edged higher on Monday after three straight sessions of losses, taking cues from Wall Street as risks of a military conflict between U.S. and North Korea have scaled back.

MSCI's broadest index of Asia-Pacific shares was up 0.8 percent. It had slumped 3 percent over the previous three sessions amid escalation of tensions between the U.S. and North Korea.

Australian shares jumped 0.75 percent and South Korea's KOSPI ticked up 0.6 percent.

Hong Kong's Hang Seng leaped 0.9 percent and Shanghai increased 0.7 percent.

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