IT dept conducts surveys at Bitcoin exchanges across India
Apple invests $390M in Finisar
No Condom Ads On Television Between 6 AM And 10 PM
Steady hiring climate expected for Cape Breton
Target spends $550 million on same-day delivery firm
North Korea tensions send dollar to eight-week low vs. yen
13 August 2017, 02:20 | Jan Cross
South Korea's KOSPI fell 1.8 percent to almost a three-month low.
Biswas: While geopolitical risks due to escalating tensions on the Korean peninsula have been reflected in some modest declines in some global equity markets in recent days, there has been many previous episodes of rising military tensions on the Korean peninsula.
The negative headlines provided many investors with an opportunity to pocket some of their recent gains following a string of record highs fueled by strong corporate earnings.
US equities steepened their losses late in the session after President Donald Trump said his earlier warnings to North Korea may not have been tough enough.
On Friday, an MSCI index of stocks across the globe posted its largest weekly drop since the week before Trump won the United States presidential election in November. That's the index's lowest level in two months.
Asian equities extended heavy losses Friday as a worldwide sell-off triggered by US President Donald Trump doubling down on his North Korea rhetoric showed no sign of abating. "You're less than 2 per cent off the high for the S&P heading into a weekend where uncertainty with North Korea still lingers". The Dow Jones Industrial Average .dji fell 204.69 points, or 0.93 percent, to close at 21,844.01, the S&P 500 .spx lost 35.81 points, or 1.45 percent, to 2,438.21 and the Nasdaq Composite .ixic dropped 135.46 points, or 2.13 percent, to 6,216.87. The index closed at its highest level since November 8, when Trump was elected president.
Against the greenback, the Swiss franc eased about 0.1 percent to 0.9645 per dollar, having surged about 1.1 percent on Wednesday.
The Swiss franc and Japanese yen are often sought out in times of geopolitical tension or global financial stress, partly because both countries have big current account surpluses. The FTSE 100 index of leading British shares declined 0.6 percent.
Gold Inches Toward $1300 Ahead Of Inflation Data
The Nasdaq Composite, meanwhile, was facing its worst week since the one ended December 2, which logged a loss of just over 2%. Investors await the headline U.S.consumer inflation data for July for more clues about future Fed decisions.
Fox sizzles at PGA Champs
The 25-year-old Japanese star already was 5 under for his round in tough conditions, and he added two birdies after the rain. That could leave the final major of the year up for grabs over the final 36 holes on the weekend, but not for everybody.
"North Korea is being used as a reason to sell Japanese stocks, just as it was used yesterday in the United States", said Soichiro Monji from Daiwa SB Investments in Tokyo. Hong Kong's Hang Seng was off 0.3 percent.
Geopolitics aside, investors were also focused on U.S. economic data and monetary policy, following the release of inflation data, Erlam said.
Investors also drew some encouragement from new government data showing USA inflation at the consumer level inched higher last month.
The influential financial stocks were among the biggest drags on the index, with Royal Bank of Canada down 1.5 percent to C$92.88, and Manulife Financial Corp falling 4.7 per cent to C$24.43, its largest drop since early August previous year.
Seagate Technology gained 2.3 percent after investor ValueAct disclosed that it had acquired a 7.2 percent stake in the digital storage company.
Bond prices, which move inversely to yields, closed higher. Palladium added 0.4% to $899.80 per ounce and was on track to end the week about 2% higher.
The pan-European FTSEurofirst 300 index lost 1.01 percent and MSCI's gauge of stocks across the globe shed 0.26 percent for a weekly loss of 1.6 percent, the largest since the week to November 4. Humana rose $4.74, or 1.9 percent, to $254.96.
Solar eclipse science: What you need to know for Aug. 21
The telescopes will be manned by trained volunteers and scientists and the data uploaded will greatly benefit researchers. However, a majority of the sun will be covered no matter where you live across the state on Monday, Aug. 21.
Tesla's $1.8B Bond Sale…Wait, I Though It Was $1.5B?
Until now, Tesla has only referred to the two models by the 220 and 310 miles they respectively drive before needing a recharge. Interested in solar? Get a solar cost estimate and find out how much a solar system would cost for your home or business.
FTSE sell-off gathers strength on North Korea fears
About 6.22 billion shares changed hands on USA stock exchanges, slightly above the 6.15 billion average for the last 20 sessions. It soared over 2 percent in the previous two sessions, and is set for a weekly gain of 2.25 percent.
Investors flee stocks for gold
Gold's main safe haven in times of geopolitical instability, has taken $27.50 per ounce, or more than 2 % in two sessions. Stocks are opening slightly lower on Wall Street after several companies reported disappointing results.