Markets rule out war at this stage, say analysts

In case there is a geopolitical event, India will be seen as a relative safe haven within the Asian region, analysts suggest

Most Asian markets have given a muted response to North Korea firing another ballistic missile over Japan on Friday. While the Nikkei 225 and Hang Seng indices posted modest gains – up 0.3% - 0.5%, Straits Times, Kospi and the Shanghai Composite slipped up to 0.3%. Back home, the S&P BSE Sensex and the Nifty50 were also trading lower by around 0.2% each.

It was the 15th missile test by North Korea this year and the first since North Korea detonated its most powerful nuclear bomb to date on September 3, reports suggest.

Markets, analysts say, have given such a