Published: Sat, August 12, 2017
Money | By Armando Alvarado

Swiss franc, yen rise as North Korea tensions brew

Swiss franc, yen rise as North Korea tensions brew

The dollar index .DXY , which measures the USA currency against a basket of other major currencies, fell 0.14 percent.

More than 430 stocks from all United States exchanges hit their lowest levels in 52 weeks or more yesterday, the most for any session since mid-November right after Trump was elected.

Spot gold XAU= added 0.7 percent to $1,286.00 an ounce. It was the biggest percentage loss since mid-June.

"I think with gold prices, we still have to be cautious".

Materials, home to gold producers and other resource-based companies, was the only gainer among the index's 10 main sectors and was up 0.6 percent.

The benchmark S&P 500 index tumbled more than 1 per cent yesterday, only the third time this year it has fallen that much, while the Nasdaq shed more than 2 per cent.

Investors will also be keeping an eye out on retail results as second-quarter earning season winds down.

Nevsun Resources Ltd offset some of the material group's gains, plunging 16.4 per cent to C$2.75 after the company reported disappointing quarterly results.

Market analysts expect that the pullback in stocks due to the increasingly aggressive tone in exchanges between Washington and Pyongyang will continue, although investors hope that the selling will not escalate to a correction - a decline of 10 per cent or more.

Buxar District Magistrate found dead on rail tracks
Delhi Police had received information from his friends that Pandey would commit suicide and had gone to a west Delhi mall. While the police did not reveal details about the alleged suicide note, Senior Superintendent of Police (Ghaziabad) H.N.

The FTSE 100 has suffered a fresh fall amid ongoing tensions between the US and North Korea, which outlined plans to launch missiles aimed at the waters off the coast of the US Pacific territory of Guam.

This is a record and the market has never been more bearish on volatility or calm about the near-term outlook for U.S. equities.

The S&P's record close on August 7 likely helped fuel its latest sell-off. "That is the longest stretch in 20 years", Bruce Bittles, chief investment strategist at Baird, told The Post. South Korea's Kospi lost 1.7 percent, while Hong Kong's Hang Seng slid 2 percent.

In the first four days of the week, the Standard & Poor's 500 index swung from marking its latest record high to posting its biggest single-day drop in almost three months.

"While the U.S. President insists on ramping up the war of words, there is a decreasing chance of any diplomatic solution", Carnell said. The stock is up 54% so far this year.

The VIX, a measure of Wall Street volatility, spiked more than 30% Thursday.

The yen tends to benefit during times of geopolitical or financial stress as Japan is the world's biggest creditor nation and there is an assumption investors there will repatriate funds should a crisis eventuate. In Australia, the S&P/ASX 200 advanced 0.41%, with the index driven by broad-based gains, with only the energy and utilities sub-indexes registering slight losses. The index closed at its highest level since November 8, when Trump was elected president.

Macy's M.N shares closed down 10.2 per cent and Kohl's KSS.N fell nearly 6 per cent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off.

Declining issues outnumbered advancing ones on the TSX by 164 to 80, for a 2.05-to-1 ratio on the downside.

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