N. Korea tensions rattle stock markets

Persistent gold buying by local jewellers at domestic spot market stoked uptrend

US President Donald Trump issued a new threat to North Korea, saying American weapons were "locked and loaded" as Pyongyang accused him of driving the Korean Peninsula to the brink of nuclear war.

President Trump says North Korea has "disrespected our country greatly", adding his "fire & fury" warning "wasn't tough enough".

On Thursday, the CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the USA presidential election.

The price of gold, a safe-haven asset, hit its highest levels in two months as North Korea and the United States exchanged more threats, with North Korea outlining detailed plans for a missile strike near the Pacific territory of Guam.

He added that in China, the US and South Korea, stocks that are showing the biggest declines since the rise of tensions between the USA and North Korea are the companies that have risen most since June. According to the Associated Press, South Korea's Kospi lost 1.7 percent, while Hong Kong's Hang Seng slid 2 percent.

Intensifying turmoil between the USA and North Korea continued to strain forex markets across the globe and to lift demand for assets perceived as safe havens for the second day.

The index was also dragged lower after Beijing ordered probes into three major Chinese social networking platforms over outlawed content.

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She further said all mainstream political parties will lose relevance in the Kashmir Valley if Article 35 (A) is done away with. Omar also said that if every assurance claimed by Mufti had been fulfilled, the state would have been trouble free.

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Tony Pulis even travelled to Lisbon in April to watch the 25-year-old during a 1-1 draw with Benfica, but nothing materialised. The Daily Mail report that Slaven Bilic's side will launch a £25 million bid for the Portuguese global .

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Ambassador to the United Nations Nikki Haley and Secretary of State Rex Tillerson at his New Jersey golf club. The vice president is expected to meet with each of the country's leaders, deliver a major speech on U.S.

The Standard & Poor's 500 index fell 24 points, or 1 percent, to 2,449 as of 2:16 p.m.

An index of 15 gold miners tracked by Bloomberg Intelligence climbed 1.1 percent, led by Toronto-based Yamana Gold Inc.

Shares of Snapchat parent Snap Inc.(SNAP) slid 11% a day after the company's earnings missed forecasts (http://www.marketwatch.com/story/snap-ceos-promise-cant-overcome-declining-ad-rates-stock-heads-toward-new-lows-after-earnings-2017-08-10), and the social-messaging company disclosed that average ad prices fell in the second quarter.

The U.S. equity market is hovering near record levels and volume has been tepid following the onset of summer. In Asia, several indexes closed lower overnight.

CURRENCIES: The dollar fell to 109.96 yen from 110.48 yen late Tuesday. Disappointing company earnings also helped pull the market lower, with consumer-focused companies and technology stocks among the biggest decliners.

At 3:15pm BST, the Comex gold futures contract for December delivery was up 1.09% or $13.90 to $1,293.20 an ounce, as the precious metal extended overnight gains, of almost 2% stateside, with yet another rally in Asia and Europe. The yield on three-year Treasurys fell 2.0 basis points to 1.804 percent and the return on benchmark five-year government bonds shed 2.0 basis points to 2.004 percent.

USA producer prices Thursday disappointed, as traders await consumer price inflation figures later Friday. The Swissie also edged higher against the Euro, recording one of the largest single day rises since the January 2015 removal of the "peg" placed by the Swiss National Bank.

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