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Stocks tumble as North Korea tensions escalate; euro tops $1.20

Japan's Nikkei hit a four-month low before paring losses to end 0.5% down

Reuters  |  Milan 

World stocks tumbled and safe-haven assets jumped on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. The pan-European STOXX 600 index fell more than 1% to a six-month low, also weighed down by the surge of the euro above a key level, while US futures fell as much as 0.85% on the missile news before paring losses. Japan's Nikkei hit a four-month low before paring losses to end 0.5% down. South Korea's Kospi, meanwhile, shed as much as 1.6%, helping to drag down MSCI's broadest index of ...

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First Published: Tue, August 29 2017. 15:04 IST
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