USA stocks fall again on North Korea tensions

York Stock Exchange. Technology stocks led a broad reverse in global markets on Wednesday after Samsung downgraded its profit estimates and networks company Ericsson warned on its outlook

York Stock Exchange. Technology stocks led a broad reverse in global markets on Wednesday after Samsung downgraded its profit estimates and networks company Ericsson warned on its outlook

Hong Kong's Hang Seng Index slipped 0.47% while mainland markets traded marginally higher.

"Of course, it's all come at a time when share markets are due for a correction, so North Korea has provided a ideal trigger".

President Trump warned that USA military resources were in place, "locked and loaded", should North Korea "act unwisely", as foreign leaders called on Washington and Pyongyang to end a cycle of rhetorical threats. "When you're due, there's always going to be something that happens in the world that's going to make people nervous", Matthew Peterson, chief wealth strategist for LPL Financial in Charlotte, North Carolina, told Reuters.

Seoul shares hit 11-week low amid selling by foreign investors following Trump's fresh warning to North Korea. The verbal escalation has been further fuelled on Friday by president Donald Trump, who has warned that if the north Korean leader attacked Guam, Pacific island and american territory, he " would regret ".

"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong Un will find another path!"

Traders will also get the opportunity to respond to fresh USA consumer inflation data on Friday.

China's Shanghai Composite Index plunged 51.94 points or 1.6 percent to 3,209.80, as investors continued to book profits in cyclical sectors.

Canada Goose Holdings Inc fell 3.6 percent to C$23.16, but the luxury down-coat maker initially jumped more than 7 percent after reporting smaller-than-expected quarterly loss.

Dudley also cautioned that "it's going to take some time" for inflation to rise to the central bank's 2 percent target even as he offered a generally positive outlook for the USA economy, job market and price pressures.

Emerging market stocks lost 0.89 percent.

More than 430 stocks from all U.S. exchanges hit their lowest levels in 52 weeks or more on Thursday, the most for any session since mid-November right after Trump was elected. With the sell-off on the day, the Nasdaq and the S&P 500 fell to their lowest closing levels in a month. The Dow slumped 204.69 points or 0.9 percent to 21,844.01, the Nasdaq plummeted 135.46 points or 2.1 percent to 6,216.87 and the S&P 500 tumbled 35.81 points or 1.5 percent to 2,438.21. Japan was closed on a public holiday.

The major European markets are also extending a recent move to the downside.

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.

But despite the largest percentage drop in over a month on a global equities index, USA equities ended only slightly lower as healthy corporate earnings and a recent string of strong economic data enticed investors into beaten-down stocks. Meanwhile, after jumping $10.80 to $1,290.10 an ounce in the previous session, gold futures are climbing $6.50 to $1,296.60 an ounce.

Oil also regained momentum as data pointed to declining US inventories.

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