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Snapping four sessions of gains, benchmark indices open in red with Nifty falling below 9,900 following Asian stocks after North Korea fired a missile over northern Japan, setting up a tense start to trading for markets in the region. US stock futures and Asian share markets tumbled post the development, while the yen jumped to four-month highs against the dollar.
North Korea fired a missile early on Tuesday that flew over Japan and landed in the Pacific waters off the northern region of Hokkaido, South Korea, and Japan said, in a sharp escalation of tensions on the Korean peninsula.
Earlier this month, North Korea threatened to fire missiles into the sea near the US Pacific territory of Guam after US President Donald Trump warned Pyongyang would face “fire and fury” if it threatened the United States.
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