North Korea missile launch

Haven assets such as gold and the yen were boosted on Tuesday after a ballistic missile was launched from North Korea's capital, Pyongyang, triggering a response from President Donald Trump who reiterated that 'all options are on the table' in terms of halting North Korea's nuclear and missile program. Investors in Asia took risk off the table which meant stocks suffered, while the yen strengthened to its highest level against the dollar since mid-April and gold was up as much as 0.9 per cent in Asia trading to its highest level since November as investors sought haven assets amid the uncertainty.