Economy

U.S. stocks fall again on North Korea tensions

U.S. stocks fall again on North Korea tensions

Reuters data show a 28 percent chance for a hike after the Fed's December meeting.

With the tense mood pushing European shares down for a third day and Wall Street set to fall again, global stocks were on course for their worst week since Donald Trump won November's U.S. presidential election.

Global stock markets have sunk further into the red after Donald Trump ratcheted up his fiery rhetoric over North Korea's nuclear threats.

The Swiss Franc is now lower against the US Dollar but managed to hold onto the majority of gains made yesterday in the aftermath of elevated political tension between North Korea and the United States.

"There's not a great incentive to buy big", said Lerner of SunTrust Advisory. The S&P has lost more than 1 percent on only three days this year. The dollar index slipped to a one-week low on Friday after the United States data. South Korea's Kospi fell 0.5 percent.

Trump again cites 'military' option against North Korea
Its nuclear weapons are hidden and mobile, and impossible to destroy in a pre-emptive strike. North Korea has lashed back at the USA following President Donald Trump's latest warnings .

"Pretty remarkable, perhaps even extraordinary, considering", said Tim Ash, strategist at fund manager BlueBay. Hong Kong slumped 2.04 per cent, Shanghai slipped 1.63 per cent, Korea shed 1.69 per cent, Jakarta fell 1.03 per cent. Singapore shares also ended in negative territory as increasingly bellicose talk between the United States and North Korea prompted investors to take money off the table, while traders trimmed positions ahead of the weekend.

Many world stock markets have hit record or multi-year highs in recent weeks, leaving them vulnerable to a sell-off, and the tensions over North Korea have proved the trigger.

All three of the major stock market indexes fell for a third straight session for the first time since April amid continued heated rhetoric between the USA and North Korea.

The Nasdaq Composite was up 38.25 points, or 0.62 percent, at 6,255.12.

"It reinforces market concerns that inflation is perhaps just not picking up in the way the Fed had been expecting", said Osborne.

How to take pictures of the solar eclipse with your smartphone
NASA also went ahead and created this map, which combines the likelihood of clear skies with the eclipse path of totality . For DSLR cameras, the best way to determine the correct exposure is to test settings on the uneclipsed Sun beforehand.

For now, the dollar remains on the back foot, pulling back 0.1% to 0.9635 Swiss francs today, after dropping as much as 1.2% to a two-week low overnight. The next possible support for the euro-franc pair is seen around the 1.10 mark.

The dollar was down 0.53 per cent against the yen at ¥109.48 (RM4.30), after briefly dropping as low as ¥109.53.

Travel companies Priceline.com and TripAdvisor also weighed on markets, with shares falling more than 7%. The next key data on focus will be tomorrow's CPI figures which should shed more light on the path of the USA inflation. 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 %.

Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in U.S. crude inventories, leaving prices volatile. Brent crude, used to price global oils, added 26 cents to $52.96.

Tokyo stocks closed marginally lower Thursday with markets on edge over US-North Korea tensions, although Japanese cosmetics giant Shiseido surged on upbeat earnings.

Venezuelan President Nicolas Maduro demands a bilateral meeting with Donald Trump
Trump declined to give more details about the possibility of US forces leading an operation in Venezuela . President Nicolas Maduro's new constituent assembly has been widely criticised as anti-democratic.

Investors bought safe-haven assets such as gold, helping the precious metal touch a two-month high, and the Japanese Yen rose.


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