Asian stocks weakened and the yen was tightened by the tensions on the Korean pe

Asian stocks weakened on Tuesday, while the yen was tight, as the tensions on the Korean peninsula escalated, and investors were waiting for new clues about the outlook for US monetary policy.

MSCI Ming Sheng Asia Pacific (excluding Japan) index fell 0.3%, following overnight US stocks decline.

The United States Federal Reserve Board (Federal Reserve / FED) Chairman Ye Lunding on Tuesday 1645GMT on the "growth prospects: re-evaluation of the fundamentals" delivered a speech.

Investors will carefully analyze her remarks to look for clues as to whether the Fed will raise interest rates in December as planned.

"If the US raised its policy rate in December, it would support the dollar, but the tensions on the Korean peninsula made the situation even more complicated," said Harumi Taguchi, chief economist at IHS Markit in Tokyo.

"Even if Ye Lun published a favorable statement on the market, it may only be offset by geopolitical risk," she said.

DPRK Foreign Minister Li Yonghao said Monday that US President Trump has declared war on North Korea, while North Korea reserves the right to take counter measures, including shooting down US bombers, even if it is not in Korean airspace.

South Korea's joint news agency on Tuesday quoted domestic intelligence agencies reported that, following the US weekend to send the B-1B bomber on the Korean Peninsula, the DPRK in the continuation of the aircraft, to strengthen the east coast defense.

Australian stocks edged down 0.1% while South Korea fell 0.3%.