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Rising tensions amid US, N Korea precedes biggest stock outflows: BofA-ML

Global equity markets lost nearly $1 trillion following Trump's warlike rhetoric

Reuters  |  London 

Threats by US President Donald Trump to rain down "fire and fury" on North Korea preceded the biggest equity outflows in 10 weeks, Bank of America Merrill Lynch (BofA-ML) data showed on Friday. The weekly data, which tracks fund flows from Wednesday to Wednesday, showed investors pulled $1.3 billion from stock funds with outflows clustered from Thursday to Monday after tensions spiked between the United States and North Korea. Trump was responding to threats by North Korea to fire missiles over Japan to land near the US Pacific territory of Guam. Global equity markets ...

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First Published: Fri, August 18 2017. 17:39 IST