Markets in Asia stabilized Monday after tensions in the Koreas drove the Seoul Composite Index, or KOSPI, down 2.3% over the past week.
The Seoul Composite declined just 0.33% on Monday to close at 1,895.54. Year to date, the index is up at 14% vs. roughly 7% for the Dow Jones Industrial Average.
Japan’s Nikkei 225 Index rose 0.86% Monday to end the day near 10,126. It was flat over the past five trading days.
South Korea's military said it was postponing new artillery drills on the front-line island that was shelled last week by North Korea, according to an Associated Press report.
Korea’s currency, the won, rose 0.6% to 1,152.46 won per dollar on Monday, after dropping as much as 0.4% percent, Bloomberg reported.
South Korean ETFs
ETFs that track the South Korean economy, such as the iShares MSCI South Korea Index Fund (EWY) fell last Tuesday, when news of the shelling got out.
The iShares ETF was trading up 0.02% mid-day on Monday at 53.52. It declined about 5% over the past five days and is down roughly 1.5% for the past month.