Asian markets sink after North Korean missile launch

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Asian shares fell on Tuesday as investors turned to safe-haven assets and US futures opened lower after North Korea fired a missile.

Japan's Nikkei 225 dropped 0.81 percent after a North Korean missile flew over the country early on Tuesday. Japanese Prime Minister Shinzo Abe said in a statement that the launch was reckless and unprecedented.

Across the Korean Strait, the Kospi tumbled 1.15 percent as investors processed the latest developments on the peninsula. The broader Kosdaq traded lower by 0.41 percent.

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