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Escalating tensions amid US, North Korea wipe $1 trillion off world stocks

The market's backstop safety asset, gold, edged up to its latest two-month high of $1,288 an ounce

Reuters  |  London 

The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took cover in the yen, the Swiss franc, gold and government bonds. With the tense mood pushing European shares down for a third day and Wall Street set to fall again, global stocks were on course for their worst week since Donald Trump won November's U.S. presidential election. Now installed in the White House, Trump issued a new warning to Pyongyang on Thursday that his previous promise to unleash "fire and fury" may not ...

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First Published: Fri, August 11 2017. 18:53 IST
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