Asian markets lower amid US-North Korea tensions

Trump's promise of 'fire and fury' against North Korea knocks global stock markets

Trump's promise of 'fire and fury' against North Korea knocks global stock markets

On the London stock market, mining shares saw the biggest falls as many metal prices were hit by the geopolitical concerns.

The U.S. dollar set an eight-week low against the yen after U.S. President Donald Trump further ratcheted up the rhetoric, suggesting that his "fire and fury" comments may not have been tough enough. The price of gold was up 0.3% at $1,293.60 on Friday morning in London.

United Kingdom stocks headed sharply lower again on Friday, as the escalating tensions between the US and North Korea rattled investors and helped drive a global selloff.

US DATA: The other potential driver in markets will be upcoming USA economic data, including monthly inflation figures, which could go a long way to determining expectations for the pace at which the Federal Reserve raises interest rates.

"The high drama has prompted traders to take their cash out of stocks, and invest it in safer assets like gold".

In Asia, the Shanghai Composite Index slid 1.63 percent, in Hong Kong the Hang Seng fell over two percent, and Japan's Nikkei finished the trading day 0.05 percent down.

CURRENCIES: The euro slipped 0.1 percent to $1.1176 while the dollar was steady at 109.20 yen.

The International Energy Agency said Opec members were not complying with production cuts, which were holding back efforts to rebalance the market quickly.

On Friday, chief executive Bruce Hemphill said Old Mutual is making "excellent progress" in the break-up as he celebrated a 37% rise in adjusted operating profit to £969 million.

In the FTSE 250, shares in Cineworld rose 3.7% after the cinema chain reported surging sales and profits.

The group said it will pay £24 million for the stake in the firm, which will consist of 25 existing Domino's stores in the capital.

Housebuilders Persimmon and Barratt Developments were among the biggest gainers of the day, up 1.58% and 1.02% respectively.

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