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European stocks decline amid geopolitical tensions

European stocks decline amid geopolitical tensions

On Thursday, the three major indexes logged their worst performances since mid-May (http://www.marketwatch.com/story/us-stocks-set-up-for-another-day-of-losses-as-north-korean-tensions-simmer-2017-08-10) in a session dogged by escalating tension between the us and North Korea.

Until then, Wall Street surprised by its low volatility, wrote on Tuesday. With the sell-off on the day, the Nasdaq and the S&P 500 fell to their lowest closing levels in a month. Nine of the index's 10 main groups ended lower.

The South Korean Won is also suffering, falling by 0.8% to a four-week low against the USA dollar.

The gold price has hit a two-month high this morning, at $1,280.5 per ounce, as investors remain jittery following Donald Trump's "fire and fury" threat earlier this week.

Geopolitical issue remain the biggest focus after North Korea dismissed comments from President Donald Trump as a "load of nonsense" and said it was outlining plans for a missile strike near Guam, where the U.S. has a military base, in mid-August.

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The order said the review should ensure America's nuclear deterrent is robust, ready and tailored to address 21st century threats. Lindsey Graham of SC said Trump had "basically drawn a red line" and declared Trump wasn't going to just "contain the threat".

Frankfurt's DAX 30 was also down, shedding some 0.8 percent. Consumer-focused companies and technology stocks slumped.

"If the US 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.

North Korea responded with a statement by its official KCNA news agency claiming Trump is "driving" the Korean peninsula to the "brink of a nuclear war". Orders fell 4.7 percent from the previous quarter in April-June, suggesting demand is weaker than expected, though economists say the outlook for coming months is more upbeat.

Perrigo surged 17.6 percent after the drugmaker raised its full-year adjusted profit forecast.

"Although we certainly can get a 5 to 7 percent correction, we don't think it's the start of a significant bear market", Peterson noted.

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South Korea's Kospi stock market index has fallen by 0.4% today, adding to the 1% wiped off shares on Wednesday. Hong Kong's Hang Seng dipped 1.1 percent to 27,444.00.

BONDS: Bond prices fell. The precious metal is often used as a safe-haven investment in times of economic uncertainty.

The Nasdaq Composite Index plunged 2.1% to 6216.87 and the Standard & Poor's 500 Index dropped 1.45% to 2438.21. Brent crude, used to price worldwide oils, gained 16 cents to $52.30 in London.

ENERGY: Benchmark U.S. crude gained 39 cents to $49.95 a barrel in electronic trading on the New York Mercantile Exchange.

CURRENCIES: The dollar slipped to 109.78 yen from 110.06 late Wednesday in Asia.

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