Wall St opens higher after tepid inflation data

S. Korean shares extend losses on heightened tensions over N. Korea

S. Korean shares extend losses on heightened tensions over N. Korea

Escalating tension after U.S. President Donald Trump stepped up the rhetoric against North Korea has hit global stocks again in Asia and looks set to push Europe lower at the opening.

North Korea said it was considering plans to fire missiles at Guam, a US-held Pacific island, after President Trump's warning on Tuesday.

"U.S. -North Korean military tensions continued to dominate sentiment, pushing U.S. bond yields down and increasing the price of gold", analysts at VTB Capital said in a note.

Gold enjoyed another strong session as traders sought out safe havens, with the price lifting 0.1% to 1,287.8 USA dollars an ounce.

While the U.K.'s FTSE 100 Index has slumped by 1.5 percent, the German DAX Index is down by 1.1 percent and the French CAC 40 Index is down by 0.8 percent. Chinese mainland shares were also down 1.8 percent.

Tensions between Washington and Pyongyang added to pressure from lower oil prices.

The Nasdaq composite lost 18.13 points, or 0.3 percent, to 6,352.33.

The US Consumer Price Index (CPI) edged up 0.1% last month after staying flat in June and falling by 0.1% in May.

The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, ended at a session low of 11.11 after rising as high as 12.63.

The benchmark Korea Composite Stock Price Index lost 4.19 points, or 0.18 percent, to 2,364.20 in the first 15 minutes of trading.

Biotechnology, tobacco, and transportation stocks also saw considerable strength, while steel stocks extended a recent move to the downside.

Investors are losing enthusiasm for Canada's banking stocks as a slowdown in the country's housing market dents banks' growth prospects, with insurance companies seen as a better bet to benefit from higher interest rates.

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 5.43 percent.

Elsewhere in commodities, the September crude contract was up 39 cents to US$49.56 per barrel, September natural gas advanced six cents at US$2.88 per mmBTU and the September copper contract declined two cents at US$2.93 a pound. Silver also rose, gaining 43 cents, or 2.6 percent, to $16.82 an ounce.

In other energy futures trading, wholesale gasoline was little changed at $1.62 a gallon, heating oil rose 2 cents to $1.65 a gallon and natural gas rose 6 cents to $2.88 per 1,000 cubic feet.

The U.S. equity market is hovering near record levels and volume has been tepid following the onset of summer. The euro strengthened to $1.1756 from $1.1752.

South Korea's Kospi sank 1.7 per cent to 2,319.83 and Hong Kong's Hang Seng shed 1.8 per cent to 26,946.81.

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