Bloomberg A risk-off mood seeped into markets on Tuesday, with haven assets including gold and the Japanese yen climbing and stocks slipping in the wake of an apparent milestone in North Korea’s weapons program. Early market optimism in Asia — sparked by bullish American economic data yesterday — ebbed as North Korea said it successfully test-fired an intercontinental ballistic missile, …

Bloomberg Hong Kong stocks sank the most since November as profit taking in some of the city’s top performing shares sparked a wider selloff. The Hang Seng Index dropped as much as 2.1 percent before paring declines to 1.5 percent at the close. Tencent Holdings Ltd., Galaxy Entertainment Group Ltd. and Geely Automobile Holdings Ltd. were the biggest losers on …

Bloomberg India’s $750 billion sovereign-debt market is caught in a tug of war between foreign investors and state-run banks, the biggest holders of the securities. As lenders sold Rs95,200 crore ($14.7 billion) of sovereign bonds last quarter, overseas funds added more than Rs42,200 crore to their holdings of the debt. The dichotomy is stemming from the potential for future gains …