Dollar at eight-week low vs yen as North Korea tensions simmer
Sterling falls as United Kingdom inflation stays flat at 2.6 per cent
Bitcoin hits new all-time record high and goes above $4300
Asia stocks extend rally as North Korea fear recedes
TSX rallies shortly after open as North Korea tensions ease
Nikkei edges down ahead of holiday as investors warily eye North Korea
12 Agosto 2017, 03:11 | Dolorita Barahona
The Nasdaq composite lost 39 points, or 0.6 percent, to 6,331.
The lightly weighted utilities sector (+0.3%) was the only group to finish the day in positive territory.
Top automaker Hyundai Motor was up 1.39 percent to 146,000 won, and top steelmaker POSCO advanced 0.59 percent to 339,500 won.
"The declines in USA markets started to gain traction in the afternoon session as nervousness set in after President Trump warned North Korea that they would face "fire and fury like the world has never seen", if they continued with their attempts to build a nuclear warhead, that is able to hit the western US".
"What will markets take a cue from in that information gap?" The slide deepened after Mr Trump's remarks on North Korea aired.
"What has changed this time is that the scary threats and war of words between the USA and North Korea have intensified to the point that markets can't ignore it", said Shane Oliver, head of investment strategy at AMP Capital in Sydney.
After coming under pressure early in the session, stocks continue to see notable weakness in mid-day trading on Thursday.
Commonwealth Bank of Australia was in the headlines for more positive reasons on Wednesday, reporting a 4.6% uplift in full-year profit, leading to a 0.57% rise in its shares in Sydney.
"People want to digest the move and a downtrend now totally makes sense", Saluzzi said. The Nasdaq composite lost 96 points, or 1.5 percent, to 6,256.
The 30-year bond last rose 28/32 in price to yield 2.7759 percent, from 2.818 percent late on Wednesday.
The number of people who applied for US unemployment-insurance benefits rose by 3,000 to 244,000 in the week that ended August 5, the Labor Department reported.
Macy's shares closed down 10.2 percent and Kohl's fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off.
Federal Reserve Bank of New York President William Dudley is set to speak later in the day and his comments will be parsed for clues regarding the future pace of interest rate hikes. And Blue Apron shares dipped after its first earnings report as a public company. Its net profit came in at A$445 million ($351.8 million), under the A$523 million reported a year ago.
LACKLUSTER QUARTER: Office Depot sank 24.5 percent after the office supply company's second-quarter results fell short of Wall Street's projections.
Snapchat parent Snap Inc.(SNAP), Nordstrom Inc.(JWN), News Corp.(NWS.AU) and Nvidia Corp.(NVDA) will report after the close.
On Thursday, North Korea's state media kept up its anti-U.S. rhetoric, saying the nation will develop a plan by mid-August to launch intermediate-range missiles at Guam.
Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen rose.
In Japan, the Nikkei 225 was down 1.29% at 19,738.71, as the yen gained on the dollar, last moving ahead 0.43% to JPY 109.85.
Venkaiah Naidu becomes country's 13th Vice-President
Derek O'Brien of the TMC in Venkaiah's style described the chairman using an acronym Naidu as Now All India's Dearest Umpire. I hope that there wouldn't be scope for such a situation. "There is a tradition of this House that no bill is passed in din.
Manchester City clear favourites for Premier League title
Pep Guardiola's Man City finished third in the Premier League last season and will be expected to do better in 2017-18. FANS up and down the country will be eagerly awaiting the Premier League kick-off this weekend, writes John Dolan .
Chelsea boss Conte expects six-team title race
Neither Bravo nor his replacement Willy Caballero, now of Chelsea , made it into the top 21 goalkeepers for saves in 2016-17. Walker and Mendy also earned more assists individually (5) than all Sagna, Zabaleta, Kolarov and Clichy combined.