Korean shares end lower on foreign selling amid tensions over N. Korea

Korean shares end lower on foreign selling amid tensions over N. Korea

Korean shares end lower on foreign selling amid tensions over N. Korea

After touching a more than two-month high, spot gold last added 0.3 percent to $1,290.00 an ounce.

The UK blue-chip index closed 113 points, or 1.5%, lower at 7,385, steadily losing ground as the trading session wore on.

The Standard & Poor's 500 index fell 20 points, or 0.8 percent, to 2,453 as of 10:09 a.m.

Looking to commodities, oil prices eked out gains in early trade, however sentiment was capped as concerns linger over OPEC's ability to rein in supply. A U.S. Navy destroyer sailed within 12 nautical miles of an artificial island built up by China in a challenge to Beijing's territorial claims, officials told Reuters.

The pan-European FTSEurofirst 300 index .FTEU3 lost 1.01 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.26 percent for a weekly loss of 1.6 percent, the largest since the week to November 4.

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Senate Armed Services Chairman John McCain thought the language might be ill-advised, particularly since carrying out a strike on North Korea could lead to significant destruction in South Korea. The rise for the yellow metal also comes as the Dow Jones Industrial Average, the S&P 500 index and the Nasdaq Composite Index looked set to post their worst succession of down days since April.

Earlier this week, Trump said the U.S. would unleash "fire and fury" on North Korea if it continued to threaten the U.S. North Korea has announced a detailed plan to launch a salvo of ballistic missiles toward the U.S. Pacific territory of Guam, a major military hub and home to U.S. bombers.

In Europe, Germany's DAX fell 1.1 percent, while France's CAC 40 slid 1.4 percent. Disappointing company earnings also helped pull the market lower, with financial and consumer-focused companies outweighing gains among health care stocks.

The dollar index, which measures against a basket of currencies, fell 0.05 percent.

"The overnight Korean news has prompted some unwinding of the cheapening trades on the franc that has been going on for some time and though positioning is not stretched by any means, the franc's strength may have room to run", said Timothy Graf, head of macro strategy at State Street Global Markets in London.

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"We have not had a 5 percent correction since June 2016". The yield on the 10-year Treasury note slipped to 2.19 percent from 2.20 percent late Thursday.

The 30-year bond was last up 4/32 in price to yield 2.7871 per cent, from 2.794 per cent late on Thursday.

Benchmark U.S. crude added 39 cents to settle at $49.56 a barrel on the New York Mercantile Exchange.

Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in US crude inventories, leaving prices volatile.

However, bank stocks, including Goldman Sachs, Bank of America and Morgan Stanley, were down about 1 percent on the dimming prospects of another rate hike this year.

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U.S. crude shed 12 cents to United States dollars 49.05 a barrel, while Brent crude fell 18 cents a barrel at USD 51.96 a barrel.

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