Trump warning over North Korea hits markets

North Korea's Impact on Your investment Portfolio

Tokyo shares closed down 1.3 percent at its lowest since June 1 while South Korea's KOSPI lost 1.1 percent.

Trump continued the back-and-forth with a post on Twitter this morning indicating that the U.S.is prepared to take military action against North Korea.

An index of 15 gold miners tracked by Bloomberg Intelligence climbed 1.1 percent, led by Toronto-based Yamana Gold Inc.

Finally, not every conflict impacts the price of gold. Ten-year USA yields dropped 4.3 basis points to 2.24 percent and German equivalents fell 3 bps to 0.43 percent, a six-week low.

In Europe, the pan-continental STOXX 600 index fell 0.9 percent, with falls deepening after a vehicle rammed a group of soldiers in Paris, injuring six, in what officials said was a suspected terrorist attack. Chinese blue chips are about flat but Hong Kong's Hang Seng index is down 0.3 percent.

The data comes amid tepid inflation that has remained below the Fed's 2 percent target, despite low unemployment.

S&P 500 e-mini futures were down 0.2 percent, hinting at weakness on Wall Street later in the day.

Though Hanke said he did not expect a sustained sell-off in riskier Asian assets, he added "safe assets, as a class, are probably underpriced at present". Discovery Communications fell 70 cents, or 2.9 percent, to $23.60. Northern Star Resources was up 3 per cent, while Evolution Mining rose 2 per cent, Newcrest Mining gained 2.3 per cent and Resolute Mining rose 2.1 per cent. Westgold Resources was the biggest gainer, rising 6.6 per cent. The Dow slumped 204.69 points or 0.9 percent to 21,844.01, the Nasdaq plummeted 135.46 points or 2.1 percent to 6,216.87 and the S&P 500 tumbled 35.81 points or 1.5 percent to 2,438.21.

Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen JPY= rose.

Sanchez to miss start of season
He added: "I'm convinced in 10 or 15 years it will not necessarily be a football specialist who is a manager of a club". Wenger though stressed on the fact that Sanchez remained "focused" on playing for Arsenal this season.

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.

Jharkhand forest officials gun down elephant that allegedly killed 15 people
India's top hunter told on Saturday how he felled a rogue elephant which had killed 15 people in a series of attacks since March. The elephant's death comes a day before World Elephant Day, which falls every year on August 12.

Macy's M.N shares closed down 10.2 per cent and Kohl's KSS.N fell nearly 6 per cent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off.

Benchmark US crude oil fell 22 cents to $49.17 a barrel on the New York Mercantile Exchange.

Bond prices rose. The yield on the 10-year Treasury note slipped to 2.25 percent from 2.26 percent late Tuesday.

In currencies, the yen strengthened 0.64 per cent versus the greenback at 109.37 per dollar.

The Swiss franc last stood at 1.1332 per euro, down slightly on the day.

US crude oil futures settled almost 2 per cent lower at $48.59 a barrel, as Russian Federation considered a future output resumption and the Organization of the Petroleum Exporting Countries boosted its July production numbers.

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

Excessive fears surrounding North Korea seemed to have receded, traders say, but activity was subdued with Japanese markets closed on Friday.

Related:

  • Iran parliament ratifies legislation to counter USA  anti-Iran moves

    Iran parliament ratifies legislation to counter USA anti-Iran moves

    Araqchi said the government of President Hassan Rohani will support the bill. A total of 240 parliamentarians out of 244 present voted for the bill.
    Roger Federer punches ticket to Rogers Cup semi-finals

    Roger Federer punches ticket to Rogers Cup semi-finals

    Buoyed by a captivated, rowdy Montreal night session crowd, Shapovalov found his way back into the match in the second set. "I already beat other players 17 times", said Federer. "I struggled against Ferrer early on, so today was better".
    US, France pledged to work to denuclearize North Korea

    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".
  • Solar eclipse 2017: Here's how to view it without special glasses

    Solar eclipse 2017: Here's how to view it without special glasses

    Many local libraries are handing out glasses on the day of the eclipse, possibly before, so check out that possibility. Check the ISO paperwork to make sure that it is complete and that it meets ISO 12312-2 International Safety Standards.
    Malappuram: School in a spot over uniform diktat

    Malappuram: School in a spot over uniform diktat

    Earlier in June, the design of girls" school uniform in a Kerala had sparked controversy after a photographer called it "vulgar'. The Childline officials have also found the process highly discriminatory which will raise mental agony of the students.
    Himachal: Two killed, four rescued after landslide hits Mandi

    Himachal: Two killed, four rescued after landslide hits Mandi

    The Army and NDRF teams have reached the spot and started rescue operation along with the police, administration and local people. According to witnesses, the two buses were stationed at a kiosk on the highway for refreshments when the incident took place.
  • Stocks drop, led by technology companies

    Stocks drop, led by technology companies

    Shares Snap fell 1.94, or 14%, to 11.83 after the Snapchat parent reported earnings late Thursday that missed analyst forecasts. The Dow Jones industrial average slid 204.69 points, or 0.9 percent, to 21,844.01, just shy of its low point for the day.
    Taylor's groping case: Judge ruled out the former DJ

    Taylor's groping case: Judge ruled out the former DJ

    On Friday, Swift's bodyguard, Greg Dent , testified against Mueller and said that he witnessed the alleged assault. Mueller was sacked by radio station KXGO two days after the 2013 incident and has been unable to find a job since.
    'Stop US Aggression': Venezuela Responds to 'Imperialist' Trump

    'Stop US Aggression': Venezuela Responds to 'Imperialist' Trump

    A reporter asked what he can tell Americans who are "on edge" about the heightened rhetoric between the USA and North Korea . Meanwhile, Trump did not directly answer a question about whether the US troops would lead the potential operation.
  • Shares hit by US-North Korea tensions

    Shares hit by US-North Korea tensions

    Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4%. The local currency was trading at 1,147.55 won against the US dollar, down 5.55 won from the previous session's close.
    Wenger confirms Sanchez out for 'a while'

    Wenger confirms Sanchez out for 'a while'

    Mesut Ozil will " take centre stage " as Arsenal's main man this season, former Gunners midfielder Stewart Robson told talkSPORT. And ahead of their opening fixture at home to Leicester on Friday night, Joshua has dealt him another blow.
    'Game of Thrones' and Its Ferocious Battle Scene from the Fourth Episode

    'Game of Thrones' and Its Ferocious Battle Scene from the Fourth Episode

    In this week's episode, Daenerys Targaryen finally got stuck in with the Westeros war and burnt the Lannister army to a crisp. The Ending of "Game of Thrones" Season 7, Episode 4 , " The Spoils Of War " is discussed below.

Comments

Latest news

Trump praises Xi for new United Nations sanctions on N.Korea
An escalating exchange of provocative rhetoric between the United States and North Korea is alarming global leaders. A PAC-3 Patriot missile unit is seen deployed in the compound of Defense Ministry in Tokyo, Thursday, Aug 10, 2017.

Liberty Property Trust (NYSE:LPT) Experiences Lighter than Usual Trading Volume
Aperio Group LLC owned about 0.08% of Starwood Property Trust worth $4,389,000 at the end of the most recent reporting period. COPYRIGHT VIOLATION WARNING: This story was first posted by Rincon Hill News and is the property of of Rincon Hill News.

Powerful 6.4-magnitude quake strikes off Indonesian Island
A strong quake has struck off the coast of southern Sumatra in Indonesia. It was centered 74km west of the coastal city of Bengkulu. There was no threat of a tsunami, the agency said.

ARSENAL vs LEICESTER CITY - English Premier League (Round 1)
Arsenal have been relatively quiet on the transfer front this summer, although the business they have done looks shrewd enough. Danny Drinkwater is sidelined with a thigh injury and Robert Huth is also out thanks to an ankle injury.

Complete shutdown being observed in occupied Kashmir against anti-Kashmir constitutional amendment
CM Mehbooba has also met the leaders of all the political parties in Kashmir so that she is not "outwitted" by her ally BJP. The separatist said that the strike is also against the IN force who are continuously killing the innocent Kashmiris.

Global stocks shudder on Trump warnings to North Korea
South Korea's KOSPI fell 1.7 percent to its lowest since May 24, but its losses for the week are a relatively modest 3.2 percent. Wilmar International slipped 6.4 per cent or 22 cents to $3.20; Hongkong Land lost 2.1 per cent or 16 U.S. cents to US$7.34.

China still building islands in disputed waters: think-tank
In July 2016, The Hague's Permanent Court of Arbitration ruled that China has no rights for territorial claims in the region. A dispute over the Senkaku Islands in the East China Sea continues to boil between the two Asian giants.

USA stocks fall again on North Korea tensions
Australia's S&P/ASX 200 edged down almost 0.1 percent to 5,760.90, while South Korea's Kospi fell 0.5 percent to 2,357.84. The US Consumer Price Index (CPI) edged up 0.1% last month after staying flat in June and falling by 0.1% in May.

Day races against nightfall at PGA Championship
There are some large differences, though, which explains why only one of nine past winners at Quail Hollow broke par Thursday. He made his par putt on the 17th hole and then sprinted to the 18th tee and promptly knocked his tee shot down the middle.

Carroll Area Will See 98 Percent Of Aug. 21 Solar Eclipse
If you normally wear eyeglasses, put the eclipse-viewing glasses over them or hold the hand-held solar viewer in front of them. Anything lower will allow your eyes to be damaged, but NASA says Shade 12 is darker than the filters used for most welding.

1 dead, 19 injured after crash near rally in Charlottesville
Others did not mention Trump directly but did condemn the marchers, many of whom carried Nazi flags and similar regalia. A large police force was in the area as the result of violent white supremacists rally and counter-protest on Saturday.

Matsuyama, Kisner shares lead
Rickie Fowler had six birdies, the kind of round that would put him in the lead - except for that triple bogey on the sixth hole. Jason Day was right there with them until a peculiar decision likely cost him a reasonable chance to stay with the leaders.

President Trump Says He Won't 'Rule Out' Military Option In Venezuela
"Trump tells reporters at his New Jersey golf course Friday that he's "not going to rule out" a military option". Trump declined to give more details about the possibility of USA forces leading an operation in Venezuela .

Lai Mohammed, Femi Adesina and others visit Buhari in London
Both times, Buhari appointed his deputy, Yemi Osinbajo, to act in his stead. "Here, the doctor is absolutely in charge", Adesina quoted the President as saying.

Trump warns North Korea against making 'overt' threats
As China reissues its calls for calm between the United States and North Korea and warns Donald Trump not to "play with fire". Asked Friday if the USA was going to war, he said cryptically, "I think you know the answer to that".

Other news