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On Friday, Asian stocks inched down steeply, affected by tough language between America and North Korea, which has drove safe haven demand.
In South Korea KOSPI lost 1.71%, Japan's Nikkei 225 went down 0.05%. Besides this, the Hong Kong index declined 1.87%, the Shanghai Composite decreased 1.60%, the Australia S&P/ASX 200 slid 1.30%.
Donald Trump warned of fury and fire earlier this week if North Korea kept threatening his country. However, on Thursday, Donald Trump didn’t consider this statement tough enough. He added that North Korea should be extremely nervous when planning the attack.
American equities slumped after the close on Thursday because losses in the Technology, Financials as well as Industrials sectors suppressed shares.
The Dow Jones Industrial Average lost 0.93% at the close in NYSE. Meanwhile, the S&P 500 index edged down 1.45%, the NASDAQ Composite index sank 2.13%.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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