Korean shares end lower on foreign selling amid tensions over N. Korea

A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York U.S

A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York U.S

European markets also slid in early trade after Wall Street indices suffered their biggest losses in almost three months Thursday, while the dollar struggled to recover from eight-week lows below 109 yen as investors fled to safe haven assets.

A day earlier, the Standard & Poor's 500 index posted its biggest single-day drop in almost three months following Trump's warning to unleash "fire and fury" if Pyongyang continued its nuclear weapons expansion.

The CBOE Volatility Index - a measure of investors' expectations for swings in the S&P 500 over the next 30 days - surged 44% to 16.04 Thursday - its highest level since U.S. Election Day.

Gold - generally regarded as a safer asset in times of uncertainty - hit its highest price for more than two months on Friday, touching $1,288.92 an ounce before slipping back. "If such an event happens, the market reaction is likely to be far more pronounced".

Tropical Depression Eight forms east of the Bahamas
Here's a look at the forecast track of Tropical Depression 8, which will likely become Gert on Sunday. It has been a disorganized system for the most part, but that could be beginning to change.

The dollar edged up about 0.1 percent to 110.16 yen, up from Wednesday's low of 109.56 yen, which was the dollar's lowest level since June 15.

Buying interest may be somewhat subdued, however, as the ever-escalating war of words between President Donald Trump and North Korea continues to raise geopolitical concerns. The common currency had lost about 0.4 per cent overnight after news USA job openings surged to a record in June reinforced Friday's robust payrolls data and supported the greenback.

Pyongyang said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base. Brent crude, used to price global oils, rose 20 cents to $52.10 a barrel in London. Spot gold was up 0.1% at $1,287 per ounce by 2.17pm GMT, set for its biggest weekly gain since April. Banks and department store shares also were among the big decliners. Eastern time. The Dow Jones industrial average added 20 points, or 0.1 percent, to 21,865.

Since the beginning of the verbal sparring between the United States and North Korea, the world equity markets have lost 1000 billions of dollars of capitalization, calculated by Reuters. The UK trading session took USD/CHF lower to hit a day low of 0.9630 towards the closing bell, but closed up slightly on the day by 0.03%.

SoundCloud secures its 'largest financing round,' names former Vimeo exec new CEO
We just closed out the first decade and created a really unique platform that impacts global music every day", said Ljung. I'm excited to also announce that this new partnership also brings talent to our SoundCloud family.

In Asia, the Shanghai Composite Index slid 1.63 percent, in Hong Kong the Hang Seng fell over two percent, and Japan's Nikkei finished the trading day 0.05 percent down.

US producer prices unexpectedly recorded their biggest drop in almost a year, and the number of Americans filing for unemployment benefits unexpectedly rose last week.

OIL: Benchmark U.S. crude rose 23 cents to settle at $48.82 a barrel on the on the New York Mercantile Exchange.

Seagate Technology gained 2.3 percent after investor ValueAct disclosed that it had acquired a 7.2 percent stake in the digital storage company. Australia's S&P/ASX 200 dropped 1.2 percent. The yield on the 10-year Treasury note held steady at 2.26 percent.

White Supremacist Protest In Virginia Leaves One Dead
Others weighing in included Vice President Mike Pence, who is heading Sunday on a six-day trip through Central and South America. Trump is considered to have launched his political career by arguing that President Barack Obama was not born in the U.S .

Latest News