Shares hit by US-North Korea tensions

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       Guam Gov. Eddie Baza Calvo delivered a video message Wednesday

U.S. stocks were lower yesterday as investors rushed to safe-haven assets after President Donald Trump's "fire and fury" warning to North Korea escalated tensions with the nuclear-armed nation.

The S&P 500 lost 9.74 points, or 0.39 per cent, to 2,465.18.

The Nasdaq Composite number was down 16.88 points, or 0.26 per cent, at 6,353.58.

In his latest warning to North Korea, U.S. President Donald Trump said on Friday military solutions were "fully in place" and referred to American weapons as being "locked and loaded" should the nuclear-armed nation act "unwisely".

The Swiss franc was on track for its biggest single-day rise against the euro in more than 2 1/2 years.

The tensions, since Trump made his "fire and fury" comments on Tuesday, have wiped out almost $1 trillion from the global equity markets.

Until then, Wall Street surprised by its low volatility, wrote on Tuesday.

The VIX rose further on Wednesday, rising as far as 12.11, its highest in nearly a month. The index bounced off its lowest closing level in six months. On the Nasdaq, 1 378 issues rose and 892 fell.

Before this week, USA stocks have been hitting record highs, boosted by mostly stronger-than-expected earnings.

The local currency was trading at 1,147.55 won against the US dollar, down 5.55 won from the previous session's close.

US, France pledged to work to denuclearize North Korea
On Tuesday, the commander in chief said the rogue nation "will be met with fire and fury like the world has never seen ". All parties must assure North Koreans we will forego any military action against them if North Korea remains peaceful".

S. Korea's military vows retaliation if N. Korea attacks
They threatened US , other countries, and they threaten Guam . "I feel it would be a pretty stupid idea to do that", she said. Andersen Air Force Base hosts a Navy helicopter squadron and Air Force bombers that rotate to Guam from the US mainland.

Antonio Conte explains why he's so annoyed with the Matic sale
The England worldwide has revealed his desire to move back north, hinting at a move to Manchester United or Manchester City .

MSCI's main index of Asia-Pacific shares, excluding Japan, was last down 0.6 percent.

Instead, investors turned to assets that tend to benefit in times of geopolitical and financial stress.

But losses soon resumed, with Tokyo edging down as the Nikkei again came under pressure from the strength of the safe-haven yen, which hit eight-week highs Wednesday against the dollar.

Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4%. Banks and department store shares also were among the big decliners. The euro fell to $1.1735 from $1.1752.

Simmering tensions between the USA and North Korea were also weighing on the market. The Treasury yield us 10-year fell to 2,201 % vs. 2,248 % Wednesday night and one of the warrants to 30 years 2,778 %, compared with 2,824 %. The S&P 500 added 3.11 points, or 0.1%, to 2441.32, ending the week down 1.4%, its biggest loss since March.

This morning global stocks declined for the second day in a row, with the FTSE 100 falling 0.8 per cent to 7,327 points in early trading, while the Dax fell 0.2 per cent and the Cac 40 fell 0.6 per cent.

Gold rose 0.6 per cent to $1,268 an ounce.

"We assume markets will move on if it remains purely a war of words but the sell-off looks durable".

Apart from geopolitical worries, some technical analysts like Tom McClellan, editor of the McClellan Market Report, blamed seasonality for this week's retreat given August's record as a weak month for stocks.

Positive sentiment was also generated by a report from the Labor Department showing just a modest uptick in consumer prices in the month of July.

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