Asia gain despite protectionism concerns, North Korean missile launch, cyberattacks

Asian markets were mostly in the money on Monday despite concerns over trade protectionism during the G7 meeting in Italy and North Korea's latest missile launch at the weekend.

Japan's benchmark Nikkei 225 index sank declined 0.18 percent. The Kospi shrugged off North Korea's latest missile launch and reversed earlier losses to trade 0.39 percent higher. The S&P/AX 200 did likewise and was up 0.08 percent.

Markets in greater China were also in the green. The Hang Seng Index gained 0.56 percent. The Shanghai Composite added 0.26 percent and the Shenzhen Composite was higher by 0.461 percent.

Oil prices were steady after settling higher in the last session on renewed OPEC output cut hopes. Brent crude futures were up 0.04 percent at USD 50.86 a barrel and US crude gained 0.08 percent to trade at USD 47.88.

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