Asian stocks mostly lower on growing unease over North Korea

Gold jumps on rising US-North Korea tensions

It outlined detailed plans for a missile strike near US territory Guam.

But U.S. stocks regained some lost ground, despite Trump's comments Friday that U.S. weapons are "locked and loaded", ready to respond if North Korea acts "unwisely".

"Meanwhile, Trump knows that a conflict in North Korea could risk a huge amount of casualties and a huge humanitarian crisis on China's doorstep".

Semiconductor, computer hardware, oil service, and retail stocks also saw considerable weakness, moving lower along with most of the other major sectors.

Japanese markets were closed for a holiday but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe was on track to post its largest weekly drop since the week before Donald Trump won the US presidential election in November.

The Swiss franc rallied hard against the euro and the USA dollar on Wednesday, as increased tensions between the United States and North Korea led investors to look for assets deemed as less risky.

Trump's threat earlier this week, to unleash "fire and fury" on Pyongyang if it attacked, was ultimately dismissed as bluster by many investors.

The index's losses mirrored global markets, which fell after incendiary words between the United States and North Korea.

The Australian dollar, which rose to a 19-month high near 90.00 yen late in July, was down 0.6 per cent at 86.77 yen after slipping to a one-month low of 86.23 yen.

"Risk aversion is still very much a concern for markets", said Shaun Osborne, chief currency strategist, at Scotiabank in Toronto. The Korean won also continued to skid, down 0.45% to 1,147.2, falling below its 200-day moving average for the first time in a month.

Trump warns NKorea that USA is 'locked and loaded'
David Cicilline, D-R.I., is urging the House to "immediately" reconvene amid the increasing threats from North Korea . Trump , in true Trump fashion, doubled down on his previous comments, saying that "maybe it wasn't tough enough".

Antonio Conte explains whether Alvaro Morata will start for Chelsea against Burnley
They have be stronger and the squad needs freshening up, which has started to happen and I think will continue to happen. Speaking in an exclusive interview with ESPN FC, the BT Sport pundit said: "The mentality has got to improve".

Pampling hits bad , rushed tee shot at US PGA
And we were walking up, and we were talking about like if we can get a tee shot on 18, we could finish the round", Day explained. Since he teed off, even if the horn blew to stop play, his group could elect to finish the hole since one ball was in play.

Geopolitical concerns continued to weigh on Wall Street amid an ongoing escalation in tensions between the USA and North Korea. It soared over 2 percent in the previous two sessions, and is set for a weekly gain of 2.25 percent. A gauge of volatility on the S&P 500, the VIX hit its highest reading for over a month.

The CBOE Volatility index, the most widely followed barometer of expected near-term U.S. stock market volatility, rose the most in about 12 weeks.

Sterling was little changed at $1.3 and near a 2-1/2-week low, as investors looked to key data due next week for clues on the health of the British economy as the country prepares to leave the European Union.

The dollar index .DXY , which tracks the greenback against six rival currencies, was down 0.12 percent to 93.53, after rising as high as 93.888 earlier in the session.

The recent resilience of data on the USA economy has not dampened the latest climb, despite depressing prices earlier in the week as reports returned high employment figures ahead of further U.S. inflation information this week.

USA producer prices unexpectedly recorded their biggest drop in almost a year, and the number of Americans filing for unemployment benefits unexpectedly rose last week.

Benchmark 10-year notes last rose 5/32 in price to yield 2.2255 percent, from 2.242 percent late on Wednesday.

A report released by the Labor Department showed a modest uptick in consumer prices in the U.S. in the month of July.

In commodities, US crude fell 0.67 percent to $49.23 per barrel and Brent was last at $52.58, down 0.23 percent on the day.

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