Asian markets fall as safe-haven yen climbs

Equities in Asia lost ground on Wednesday, with Dow futures tumbling and the safe-haven yen climbing amid political and legal turmoil surrounding US President Donald Trump.

The Dow Jones industrial average futures for June tumbled 121 points to 20,813 by 8:40 a.m. HK/SIN, compared with the index's close at 20,979.75 as risk-off sentiment struck the market.

The Nikkei fell 0.62 percent by 8:36 a.m. as the safe-haven yen strengthened in the wake of renewed political risk. The dollar was fetching just 112.57 yen at 8:02 a.m. HK/SIN, an around two-week low.

Across the Korean Strait in South Korea, the Kospi was down 0.35 percent. Australia's S&P/ASX 200 dropped 0.81 percent.

The euro rose to a six-month high as political event risk receded from the continent. The common currency last traded against the dollar at $1.1088, compared with levels under USD 1.09 last week.

The Aussie strengthened against the dollar for a sixth straight session to trade at USD 0.7412.

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