Wall St higher but on track for deep weekly losses

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The Nikkei slumped to its lowest close for nearly three months yesterday, leading an Asia-wide sell-off sparked by President Donald Trump's apocalyptic warning over North Korea's weapons programme.

Earlier in the week, Trump said the USA would unleash "fire and fury" on North Korea if it continued to threaten the U.S.

Gold prices rose to their highest level in two months Thursday, as an escalating war of words between the USA and North Korea drove investors into haven investments.

The Swiss Franc is now lower against the US Dollar but managed to hold onto the majority of gains made yesterday in the aftermath of elevated political tension between North Korea and the United States.

ASIA'S DAY: South Korea's Kospi sank 1.7 percent to 2,319.71 and Hong Kong's Hang Seng lost 2 percent to 26,883.51.

The world equity markets have lost 1000 billions of dollars of funding since the beginning of the verbal sparring between the United States and North Korea. The major indexes were coming off their biggest single-day decline since May 17.

By mid-morning in NY investors began to look for stocks to buy rather than offload and the Dow Jones industrial average was 38.65 points higher at 21,882.92 while the S&P 500 was...

North Korea claimed "only absolute force" can work on someone as "bereft of reason" as Trump and detailed plans to fire a salvo of missiles into waters around the US Pacific territory of Guam.

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

The negative headlines provided many investors with an opportunity to pocket some of their recent gains following a string of record highs fueled by strong corporate earnings.

On the USA economic front, a report released by the Labor Department showed a modest uptick in consumer prices in the U.S.in the month of July.

And in bond markets, 10-year US Treasuries and Germany's ultra-safe government bonds, known as Bunds, were trading at their highest prices since June. Financial companies and department store operators were among the big decliners.

BAD TRIPS: Priceline Group slid 8.2 percent after the online travel booking service issued a profit forecast that was weaker than analysts were expecting. Shares of Manulife, which reported better-than-expected results, fell after the company played down talk of a John Hancock spin-off. Silver also rose, gaining 43 cents, or 2.6 percent, to $16.82 an ounce. The euro slid to $1.1732 from $1.1752. Copper rose 1 cent to $2.91 a pound.

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

USA stocks closed lower on Tuesday after Trump's vow to respond aggressively to any North Korean threats triggered a late afternoon selling spree.

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