Asian stocks slump on profit-taking amid US-NKorea tensions

US stocks close slightly lower, trimming earlier losses

US stocks close slightly lower, trimming earlier losses

USA stocks indexes were higher in afternoon trading on Friday, on track to snap a three-day losing streak, as tepid inflation data brought back investors to riskier assets, despite heightened tensions between the United States and North Korea.

At 10:57 a.m. ET (1457 GMT), the Dow Jones Industrial Average was up 54.38 points, or 0.25 percent, at 21,898.39, the S&P 500 was up 8.69 points, or 0.35 percent, at 2,446.90.

The local currency was trading at 1,147.55 won against the USA dollar, down 5.55 won from the previous session's close.

The FTSE 100 Index closed down 79.98 points to 7,309.96, with President Donald Trump tweeting that the U.S. military is "locked and loaded" as he warned North Korea over its continuing threats.

London's benchmark FTSE 100 index fell back 1.3 percent, driven by losses in the commodity sector.

Leonardo DiCaprio To Play Leonardo da Vinci
This film is the ninth time that the Oscar award-winning actor will be playing a character based on a real person on screen. They were looking at a da Vinci painting, and allegedly I started kicking furiously while my mother was pregnant.

President Donald Trump said on Tuesday that US threats from Pyongyang would be met with "fire and fury", which prompted North Korea to say it was considering plans for a missile strike on the USA pacific territory of Guam.

North Korea on Thursday outlined details for a missile strike near the U.S. territory of Guam, adding fuel to rising tensions with the United States.

The benchmark US yield on Thursday was just above 2.2 percent, at its lowest level since late June, as investors bought up Treasuries, a classic safe harbor.

In the political sphere, investors will be keeping a close eye on the rising tensions between North Korea and the US on Wednesday. The Russell 2000 index gave up 1.7 per cent to 1,372.54.

Retailers Wal-Mart (WMT), Home Depot (HD), Target (TGT), Staples (SPLS), and Gap (GPS) are also among the companies due to report their quarterly results next week. The company's stock (NYSE:DIS) dropped $4.15, or 3.88 per cent, to US$102.83.

US, France pledged to work to denuclearize North Korea
"Trump reiterated to President Macron the United States' commitment to stop the North Korean nuclear menace". Security Council to impose new sanctions on North Korea, including the banning of exports.

On the currency markets, the pound was down to a three-week low against the U.S. dollar but mainly due to earlier disappointing output and trade data.

The major averages all closed in positive territory, although the tech-heavy Nasdaq outperformed its counterparts. Netflix also fell, giving up $4.57, or 2.6 percent, to $173.79. Crude oil prices headed lower. South Korea's KOSPI fell 1.8 percent to almost a three-month low. Silver also rose, gaining 43 cents, or 2.6 percent, to $16.82 an ounce.

Focusing on United Kingdom stocks, Old Mutual was among the biggest fallers after saying it was taking a "cautious" approach to the dividend despite hiking half-year profits.

Across Europe, the Cac 40 in France slid 1.1% while Germany's Dax was flat. Japan's Nikkei 225 Index edged down by 0.1 percent, while Hong Kong's Hang Seng Index tumbled by 1.1 percent.

The September crude contract was up 20 cents to US$49.76 per barrel and the September natural gas contract was up seven cents to US$2.95 per mmBTU. Brent crude, the worldwide standard, lost 28 cents to $52.09 a barrel in London.

Arsenal fans don't believe the latest news about Alexis Sanchez
A fifth place finish a year ago was just above Manchester United , who arguably look unstoppable this season. Therefore it is surprising that there haven't been any major links with a central midfielder this summer.

CURRENCIES: The dollar fell to 109.96 yen from 110.48 yen late Tuesday.

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