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International markets roundup

NEW YORK: US stocks have clawed back losses late as investors appeared to brush off geopolitical concerns after falling in the wake of US President Donald Trump's "fire and fury" warning to North Korea.

Bargain-seeking investors instead turned their focus to strength in the global economy and earnings toward the end of an active trading day.

After a dip of as much as 0.52 per cent earlier in the day, Wall Street's three major indexes bounced off intraday lows.

The Dow Jones Industrial Average fell 0.17 per cent to 22,048.70, the S&P 500 lost 0.04 per cent to 2,474.02 and the Nasdaq Composite dropped 0.28 per cent to 6,352.33.

LONDON: European shares fell back on Wednesday as geopolitical tensions sent all major benchmarks into negative territory, accompanied by a slight uptick in volatility in what is typically a quiet period of summer trading for the market.

Risky assets were hit globally after North Korea said it was considering plans to attack Guam, which has a large US military base.

On a day which also marked 10 years since the start of the global financial crisis, the pan-European STOXX 600 ended the session 0.7 per cent lower, while Euro zone stocks and blue-chips dropped more than 1 per cent.

France's CAC 40 fell 1.4 per cent after a car hit a group of soldiers in a Parisian suburb in what was said to be a deliberate act, while Germany's DAX was also down 1.1 per cent at 12,154.00 as bond yields fell.

The VSTOXX, Europe's main gauge of equity market investor anxiety, stirred to reach its highest level in two weeks, though still remained at subdued levels, while its US counterpart - the Vix - touched a one-month high.

Britain's top share index was shaken from its summer lull with the blue chip FTSE 100 index falling 0.6 per cent to 7,498.06, broadly in line with a negative European market.

TOKYO: Asian shares slipped and investors sought havens such as US Treasuries, gold and the yen as tensions on the Korean peninsula escalated.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent, while Japan's Nikkei lost 1.3 per cent to 19,738.71 as the stronger yen sapped investor appetite.

Hong Kong shares mirrored regional peers although property firms rose, encouraged by a spin-off plan by a local developer.

The Hang Seng index fell 0.35 per cent to 27,757.09 points, easing off more than two-year highs hit on Tuesday, while the China Enterprises Index lost 1.1 per cent to 10,962.60 points.

Developers performed strongly after Hong Kong-based conglomerate Wharf Holdings said that its unit Wharf Real Estate Investment Co Ltd would submit an application for a separate listing on the main board.

Banks dragged China's stock markets lower amid concerns that regulators will continue to clamp down on debt risks, but strong gains in consumer staples left major indexes only slightly lower on the day.

The blue-chip CSI300 was down 0.03 per cent at 3,731.04 points while the Shanghai Composite Index dipped 0.2 per cent to 3,275.57 points.

WELLINGTON: The S&P/NZX 50 Index rose 16.92 points, or 0.2 per cent, to 7799.64.

Austrlaian Associated PressBack to Breaking News

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