Trump v Kim Jong-un: Gold, stock markets react to North Korea tensions
Reuters Images/KCNA KCNA
North Korea dismissed as a "load of nonsense" warnings by U.S. President Donald Trump that it would face "fire and fury" if it threatened the United States, and outlined on Thursday detailed plans for a missile strike near the Pacific territory of Guam
North Korea dismissed as a "load of nonsense" warnings by United States President Donald Trump that it would face "fire and fury" if it threatened the United States, and outlined on Thursday detailed plans for a missile strike near the Pacific territory of Guam, Reuters reported on Thursday.
Southeast Asian stock markets, except Singapore and Vietnam, edged lower on Thursday as lingering tensions between the United States and North Korea dampened risk appetite in the region, which is geographically close to the epicentre of this crisis.
Gold on Thursday held steady near two-month highs hit the session before, bolstered by safe-haven demand triggered by rising tensions on the Korean peninsula.
Pyongyang's state-run KCNA news agency said it was considering plans to fire four intermediate-range missiles to land 30-40 kilometres from Guam, a U.S. Pacific territory home to a military base that includes a submarine squadron and an air base. Any news of a war or tension is always a reason to sell, said Mikey Macainag, an analyst with Sunsecurities Inc.
