Global stocks shudder on Trump warnings to North Korea

Global stocks shudder on Trump warnings to North Korea

Global stocks shudder on Trump warnings to North Korea

The Australian dollar, which rose to a 19-month high near 90.00 yen late in July, was down 0.7 percent at 86.67 yen after slipping to a one-month low of 86.23 yen.

Japanese markets were closed for a holiday, but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe .MIWD00000PUS posted its largest weekly drop since the week before Donald Trump won the USA presidential election in November.

The S&P 500 and Nasdaq followed the Dow, falling 1.5 percent and 2.1 percent, respectively. Yesterday, the TICK opened at around 900-a reading of 1,000 or more means pretty severe selling pressure-and then headed higher throughout the day. A U.S. Navy destroyer sailed within 12 nautical miles of an artificial island built up by China in a challenge to Beijing's territorial claims, officials told Reuters.

The pan-European FTSEurofirst 300 index lost 1.19 percent.

"If the USA and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so", the editorial's authors said. Pyongyang said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base.

The Dow Jones Industrial Average rose 38.9 points, or 0.18 percent, to 21,882.91, the S&P 500 gained 5.46 points, or 0.22 percent, to 2,443.67 and the Nasdaq Composite added 41.86 points, or 0.67 percent, to 6,258.73.

Trump warned North Korea again on Thursday not to strike Guam or US allies, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough.

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 3.90 percent. The euro fell to $1.1791 from $1.1774.

Health care equipment and services company Henry Schein declined amid a broader slide by health care stocks.

Central Intelligence Agency chief: Not surprising if North Korea tests missile again
Since July North Korea has been threatening United state mainlands by testing the intercontinental ballistic missiles (ICBM).

"It's wonderful when you consider the headlines just how calm the equity markets are, how they've taken things in their stride", said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.

CURRENCIES: The dollar slipped to 109.48 yen from 109.85 late Wednesday.

"I think this situation is more critical that the market is respecting". Netflix also fell, giving up $2.58, or 1.4 percent, to $175.78.

The yield on the benchmark 10-year US Treasury note fell to 2.254 percent from its US close of 2.282 percent on Tuesday. The FTSE 100 ended 44.67 points lower at 7498.06.

Perrigo rose $1.58, or 2.1 percent, to $78.43.

The price of gold also surged for the second day in a row as the December bullion contract advanced $10.80 U.S.to $1,290.10 U.S.an ounce.

The dollar index fell 0.32 per cent, with the euro up 0.42 per cent to US$1.1819.

Elsewhere in commodities, the September crude contract was up 39 cents to $49.56 United States per barrel, September natural gas advanced six cents at $2.88 U.S. per mmBTU and September copper declined two cents at $2.93 USA a pound.

Related news