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FTSE 100 goes down as US-North Korea tensions strengthen
On Wednesday, British equities went down because riskier assets were swept aside amid worsening tensions between North Korea and America.
The FTSE 100 index UKX slumped 0.6% hitting 7,498.17. On Tuesday, the FTSE 100 added 0.1%, marking its highest outcome since June 2. Late in May the commodity heavy index fluctuated above its all-time closing maximum of 7,547.63.
On Wednesday, equities across Europe SXXP as well as throughout Asia dived after North Korean leader Kim Jong Un dared to make an explicit threat of to strike an American military base in Guam.
Korea’s Kospi SEU stock benchmark went down 1.1% because geopolitical worries ascended, while American stock futures slumped ahead of Wednesday’s trade.
In London, less than 10 equities managed to move up. Gold producers Randgold Resources Ltd as well as Fresnillo PLC FRES leapt respectively 1.9% and 2%, as gold prices jumped almost 1% hitting $1,273.30 an ounce.
The currency pair GBP/USD reached $1.3010, moderately soaring from $1.2993.
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