Asian shares mixed with Japan and South Korea down on risk tension

Dow Jones Industrial Average

Overnight, the Dow added to losses from the prior session on Wednesday, as investors fled risky assets amid rising geopolitical tensions after North Korea ignored President Trump's warning that further threats to the United stated "will be met with fire and fury".

If North Korea launches an attack that threatens the US, China should stay neutral, but if the US attacks first and tries to overthrow North Korea's government, China will stop them, a Chinese state-run newspaper has said. "The U.S. president at a [golf] links again let out a load of nonsense about 'fire and fury, ' failing to grasp the on-going grave situation".

The yen is perceived as a safe haven because Japan is the world's biggest creditor country and investors there have tended to repatriate funds in times of crisis. The Standard & Poor's 500 index fell 0.2 percent, to 2,474.92.

In India, the world's second-largest buyer of gold, July imports rose after the arrival of some delayed shipments that were booked ahead of the implementation of a new national goods and services tax, according to a person familiar with the information.

In Europe, the pan-continental STOXX 600 index lost 0.9 percent, with falls deepening after reports a vehicle had rammed a group of soldiers in Paris, injuring six.

The euro dipped 0.1 percent to $1.1737 but the single European currency has been slipping this week against the dollar, having hit a more than 2 1/2-year high of $1.1892 on 2 August.

The Dow Jones Industrial Average fell 163 points, or 0.74%, to 21,886, the S&P 500 lost 31 points, or 1.23%, to 2,443 and the Nasdaq Composite dropped 117 points, or 1.84%, to 6,236.

More news: Anthony Scaramucci: President Trump Should Have Called the Charlottesville Rally Terrorism

The yield on US 10-year Treasurys slid to 2.192% Friday from 2.211% Thursday. Ten-year US yields dropped 4 basis points to 2.242 percent US10YT=RR and German equivalents fell 3 bps to 0.43 percent DE10YT=TWEB, a six-week low.

"Traders should closely watch global equities today, with further falls and risk aversion likely pumping more safe-haven flows into precious metals", said Jeffrey Halley, a senior market analyst at OANDA.

Away from the geopolitical drama, US inflation data is due at 1330 GMT. 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. The release hurt gold demand, as a stronger dollar makes commodities more expensive for buyers using weaker currencies.

Benchmark US 10-year notes last rose 6/32 in price to yield 2.1905 per cent, from 2.211 per cent late on Thursday.

Crude oil prices tumbled on the back of the selloff on Wall Street and lingering concerns over global oversupply.

U.S. crude rose 0.41 per cent to US$48.79 per barrel and Brent was last at US$52.01, up 0.21 per cent.

Related News:



Most liked

Dortmund suspend forward Dembele for missing training
Dembele scored 10 goals and supplied 20 assists in 49 games in his debut season with Dortmund. "Whatever happens, happens. Chelsea must spend, spend, spend! "Ousmane has the option to train individually apart from the group".

Scaramucci: Trump Has to 'Move Away' from 'Bannon-Bart Nonsense'
Scaramucci reiterated that he felt the interview with Lizza was "off the record" and it was a "very deceitful thing" that Lizza did.

Arsenal host Leicester in season opener
The 23-year-old used fantastic pace and impressive technique to regularly have a go at striking the target, but was unsuccessful. However, Maguire was there to block his shot after Mesut Ozil's cutback after more intricate passing around Leicester's box.

They are in charge, not me - Buhari explains delay in his return
The team led by Minister of Information, Lai Mohammed comprised the Special Adviser on Media and Publicity , Mr. He had left Nigeria for the United Kingdom (UK) for medical treatment on May 7.

Ben Davies finishes off lovely Tottenham team move against Newcastle
Alli lost Lascelles inside the box and guided a lovely ball from the right courtesy of Eriksen across Elliot and into the net. Benitez, meanwhile, will be hugely frustrated that Newcastle's return to the top flight was spoiled by Shelvey's peevishness.

President Trump condemns 'bigotry and violence on many sides' amid Charlottesville unrest
The driver, identified as James Alex Fields, Jr ., is being charged with second degree murder and multiple other felony counts. Orrin Hatch, a Republican from Utah, furiously condemned the President, saying: "We should call evil by its name".

Safe-haven currencies rally as US-North Korea tensions escalate
"And while risks remain elevated from a geopolitical perspective, valuations are not necessarily excessive, though full". Shire fell 1.1%, as the pharmaceutical firm shares were hit by a downgrade to Equal Weight from Overweight by Barclays.

Pentagon Hopes for Diplomatic Solution on N. Korea, But Has Military Options
The Kim Jong-Un "regime's actions will continue to be grossly overmatched by ours and would lose any arms race or conflict it initiates".

Trump May Roll Out Probe Into China and Intellectual Property Theft
Similarly, the president also asked for a review about whether steel and aluminium imports were jeopardizing national security. In April, he said he wouldn't label China a currency manipulator, in return for help in dealing with North Korea.

Slater: Manchester duo poised to challenge Chelsea for title
The opening match against Brighton should allow us to see Pep's tactics for the rest of season. "But we try to win the game ". I want the team to be on a par with the club's history, which is something I've been lucky enough to feel at every club.

Pearson wins women's 100m hurdles title at world athletics
Sally Pearson , now 30 years old, has won the 100m hurdles final at the world athletics championships in London . Australia's Sally Pearson celebrates after winning the gold medal in the women's 100m hurdles final.

Asian markets suffer bloodbath over escalating US, North Korea tensions
The Straits Times Index sank 1.31 per cent or 43.52 points to 3,279.72, down 1.4 per cent for the week. Against the euro, the dollar is valued at USD1.826 compared to yesterday's USD1.1772.

Microsoft Injects Confidentiality into Blockchain with Coco Framework
The company plans to offer Coco for free, although it hopes that it will lead to more use of its cloud services. The idea is for businesses to implement blockchain technologies as part of their business processes.

Anna Paquin's breasts air on BBC News at Ten
The True Blood actress became a hot topic on social media after a news video accidentally displayed her breasts to audiences. Some eagle eyed viewers caught a shot of the True Blood star from a topless scene during live television.

Game of Thrones season 7: Episode 5, what will happen in "Eastwatch"?
This post may include a few spoilers about last weeks' Game Of Thrones episode AND next week's episode. Or perhaps Tyrion will help in some way - he clearly didn't want his brother to die out there.