11 August, 2017
The government also said it will seek all methods possible to resolving tensions with the cooperation of other countries.
North Korea dismissed on Thursday warnings by U.S. President Donald Trump that it would face "fire and fury" if it threatened the United States as a "load of nonsense", and outlined detailed plans for a missile strike near the Pacific territory of Guam. Not surprisingly, the Korean won is also lower, down a further 0.26% against the USA dollar after losing 1.3% over the previous two days.
Mounting tensions lifted US defense stocks.
'Stock markets in Europe are still under pressure because of the heightened tensions surrounding North Korea, ' said David Madden, market analyst at CMC Markets UK.
FTSE 100 index was trading at 7,498 levels, lower by 43.76 points, CAC 40 index was at 5,175 levels, down by 42.99 points, while the German DAX was at 12,206 levels, down by 85.62 points.
In a survey conducted by Gallup Korea, 78 percent of 1,002 respondents said they approved of the way the president managed state affairs, up 1 percentage point from a week earlier.
"First, the ongoing hostility with North Korea is not only likely to keep the MSCI Korea Index under pressure, but could also weigh a little on equities elsewhere in the region", Capital Economics said.
LONDON, Aug 10 (Reuters) - World stocks fell for a third day on Thursday and investors moved back into the Swiss franc, yen and gold as North Korea ratcheted up tensions with the United States with a threat to land a missile just short of the USA territory of Guam. Futures pointed to further declines on Wall Street, with S&P 500 futures down 0.4 percent and Dow futures falling 0.3 percent. The 10-year German bund yield traded at 0.426 percent while the 10-year USA yield declined to 2.24 percent.
The Nasdaq composite slid 18.13 points, or 0.3 percent, to 6,352.33.
JAPAN MACHINERY DISAPPOINTS: Orders for machinery in June, considered a leading economic indicator, were slower than analysts had forecast and at their weakest since May 2016. Brent crude was up 80 cents at $53.50 a barrel and US crude was up 60 cents and back up to $50. The Russell 2000 index gave up 1.7 percent to 1,372.54. Brent crude, used to price worldwide oils, declined 23 cents to $51.67 per barrel 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 109.05 yen from 109.20 while the euro weakened to $1.1763 from $1.1773.
