High-tech suite. The F-35 Gen III Helmet Mounted Display System developed by Rockwell Collins and Elbit Systems of Israel.

UTC to pay $US23b for Rockwell Collins

The transaction, one of the biggest in aviation history, creates an aircraft-parts giant better positioned to withstand the squeeze from aircraft-makers Boeing and Airbus for pricing discounts.

Crisis, what crisis? South Korea's Kospi share index edged lower on Monday, but it was hardly a wipe-out.

Markets shrug off nuclear threat

A potential nuclear war is being treated as just another risk-off factor. In Japan, 10-year government bonds are trading with a negative yield. South Korea's Kospi index closed down 1 per cent on Monday.