Stocks in Europe and Asia Slip as North Korea Tensions Rise

13 August, 2017, 11:11 | Author: Terri Saunders

South Koreans watch a television displaying news broadcasts reporting on North Korea at a station in Seoul today.

United Kingdom stocks headed sharply lower again on Friday, as the escalating tensions between the US and North Korea rattled investors and helped drive a global selloff. Fear of military conflict helped to knock £40 billion off the value of London's stocks in three days, analysts said.

Gold - generally regarded as a safer asset in times of uncertainty - hit its highest price for more than two months on Friday, touching $1,288.97 an ounce at one point. "North Korea responding with a threat to US territory after Trump warned them not to threaten the USA was never going to go down well", Lawler said. The statement has dominated the headlines, and is one of the main drivers in the markets.

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

Doughnut shop norovirus outbreak victim count nears 250
The Chao's are hoping that another inspection by the health department will allow them to reopen the restaurant soon. A sign posted on the restaurant on Wednesday stated that it was closed because they were out of doughnuts.


In oil, the price of Brent crude sunk by 0.5% to 51.65 USA dollars a barrel amid concerns about over supply in the market.

On Friday, chief executive Bruce Hemphill said Old Mutual is making "excellent progress" in the break-up as he celebrated a 37% rise in adjusted operating profit to £969 million.

Housebuilders Persimmon and Barratt Developments were among the biggest gainers of the day, up 1.58% and 1.02% respectively.

The biggest fallers were Standard Life down 16p to 410.8p, Rio Tinto down 109.5p to 3,370p, Old Mutual down 6.2p to 195.3p, Anglo American down 39p to 1,238.5p.

Recommended:

  • Heading to OR  for the solar eclipse? Better plan ahead

    Heading to OR for the solar eclipse? Better plan ahead

    He explains that, whenever the Earth, moon and sun align to form a solar eclipse , the event is visible somewhere on Earth. Make sure you don't directly look at the sun during the eclipse unless you have special eye protection.
    Landslide in Himachal, at least seven dead

    Landslide in Himachal, at least seven dead

    Commenting on the incident, Mandi deputy commissioner Sandeep Kadam said the possibility of more deaths could not be ruled out. Himachal Transport minister GS Bali said the toll could climb to 50 in the incident which took place last night.
    United States  stock futures, dollar slip on rising Korean tensions

    United States stock futures, dollar slip on rising Korean tensions

    Baker Avenue's Lip said the USA market was higher due to "bargain hunters", but "there's more room for the market to come down". South Korea 's fell 1.7 percent to its lowest since May 24, but its losses for the week are a relatively modest 3.2 percent.
  • North Korea's Nuclear Weapons Program Has Grown With Each Kim Regime

    North Korea's Nuclear Weapons Program Has Grown With Each Kim Regime

    Life on the streets of the North Korean capital, Pyongyang, also remained calm. She said, "I don't see a military solution and I don't think it's called for".
    West Brom 1-0 Bournemouth: Baggies edge Cherries

    West Brom 1-0 Bournemouth: Baggies edge Cherries

    Rodriguez then curled an effort inches wide of the far post with Begovic beaten as the Baggies continued to push for the opener. It comes after the Welshman guided the Baggies to a 10th-placed finish in the Premier League last season.
    Mourinho says Manchester United still in the market for a winger

    Mourinho says Manchester United still in the market for a winger

    There's still nearly three weeks left before the window closes- a lot can happen between now and then. The top seven, we are all in Europe. "The trend has always to come from the team".
  • Trump blames

    Trump blames "many sides" for violence in Charlottesville

    More than a dozen people held signs, chanted and marched around the statue of Andrew Jackson as a protest against racism. Police took a man into custody as the subject of a homicide investigation, Charlottesville Police Chief Al Thomas said.
    US President Donald Trump picks fresh fight with Venezuela

    US President Donald Trump picks fresh fight with Venezuela

    The Trump administration has characterized Maduro as a dictator and announced sanctions against government officials. " Trump tells reporters at his New Jersey golf course Friday that he's "not going to rule out" a military option".
    Studs and duds from New York Jets' preseason opener against Titans

    Studs and duds from New York Jets' preseason opener against Titans

    He found Robby Anderson on a 53-yard deep pass where Anderson beat Logan Ryan, the Titans' big free-agent signing at cornerback. He completed 17-of-24 passes for 119 yards and looked confident and comfortable as he played the majority of the game.
  • Return to the country of a pastor freed by North Korea

    Return to the country of a pastor freed by North Korea

    Lim's case at all levels, and we will continue to support him and his family now that he has returned", the statement said. He was sentenced to hard labor for life in December 2015 on charges of attempting to overthrow the Pyongyang regime.
    Kim Jong-Un will truly regret threats to United States  and allies

    Kim Jong-Un will truly regret threats to United States and allies

    During the call, Xi urged Trump to show "restraint" in his rhetoric about the crisis, according to the Associated Press . Tensions around the Korean Peninsula started to rise in light of the implementation of the North Korean missile program.
    Political tensions continue to weigh on world stocks

    Political tensions continue to weigh on world stocks

    Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen rose. Declining issues outnumbered advancing ones on the NYSE 6-to-1; on Nasdaq, a 3.60-to-1 ratio favored decliners.


Popular

China protests U.S. ship near South China Sea island
It also came days after China and Asean countries adopted the framework in Manila for a Code of Conduct in the South China Sea. Recently, Vietnam discontinued plans to set up an offshore drilling rig in global waters because China told them to .

Jason Day blows his PGA Championship
The ball bounced high off a rock and settled into what he called "the worst lie I've seen all week" in the deep Bermuda grass. While Kisner was the story early in the day, the weather took the stage as the afternoon wave of players took to the course .

Tesla Wants To Test Autonomous Semi Without A Human Driver
Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan, its first mass market electric auto . The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.50 billion.

LONDON 2017: Sally Pearson wins gold in 100-metre hurdles
American veteran Dawn Harper Nelson was second, .04 seconds behind, and Pamela Dutiewicz of Germany took bronze in 12.72.

Arsenal score two late goals to open season with victory over Leicester
Only 105 seconds it took the former leader of the Lyon's Alexander Lacazette to score his debut goal in the Premier League . We can't wait to see where the league goes from here. "I'm very pleased for the team and hope we can carry on".

HBO offers $250000 as 'bounty payment' to hackers
HBO offered to pay $250,000 to hackers who were threatening to leak episodes of its massively popular drama Game of Thrones. The anonymous hackers were known to have made a ransom demand , but details of how this was handled were not made public.

UO campus will remain open August 21 during total solar eclipse
When is the next solar eclipse? The moon will start casting its shadow on earth, blocking view of the sun, at about 1 p.m. Looking at the sun directly with no eye protection will damage your eyes; an eclipse of any degree does not change this.

Two Indian Army men killed, officer among 3 others injured
Police officials said that the security forces were conducting a search operation when the militants opened fire at them. Police also denied rumours that a mosque was damaged during the gunfight between the security forces and the militants.

Usain Bolt breaks down in final race
He finishes the 2017 IAAF World Championships with a bronze medal in the men's 100m, his final-ever individual track race. While Britain celebrated, though, there were contrasting emotions for Bolt in the final race of his career.

City avoids early strain of title rivals by beating Brighton
Sergio Aguero was the man to open the scoring and a Lewis Dunk own goal completed City's win with 15 minutes to play. That however, won't be enough to bring United in the top five, if Mourinho doesn't sign more players.