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Asian shares turn lower on simmering North Korea tensions
On Thursday, Asian shares went down because market participants fretted about the simmering tensions between America and North Korea, brining Seoul equities down to two-month minimums even as yesterday’s rush into safe-haven assets slowed.
Spreadbetters expected EU equities to follow suit. Experts hope Britain's FTSE will slide 0.6% and Germany's DAX along with France's CAC will start a bit lower.
MSCI's broadest index of Asia-Pacific stocks went down 1%.
Japan's Nikkei handed back earlier revenues too, shedding 0.1%,
Shanghai went down 1.1%, Hong Kong's Hang Seng decreased 1.6%. In South Korea KOSPI sagged 1.2% dipping to a two-month minimum to drift away from record maximums reached at the end of July.
The dips in some Asian equities, such as Japan's Nikkei, were restricted after Wall Street stocks concluded lower overnight because traders brushed off geopolitical worries.
The 10-year Treasury note yield dropped to a six-week minimum of 2.212% on ascending bond prices, but rebounded to 2.248%.
The market has started the week with a mixed sentiment…
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.