U.S. stock futures, dollar slip on rising Korean tensions
U.S. stock futures slipped while U.S. Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang`s warning that it is "carefully examining" plans for a missile strike on the U.S. Pacific territory of Guam.
Just hours after U.S. President Donald Trump told North Korea that any threat to the United States would be met with "fire and fury," a spokesman for the Korean People`s Army said in a statement carried by the North`s state-run KCNA news agency that it was considering a strike aimed at U.S. military bases on Guam.
S&P 500 e-mini futures
The euro slid 0.2 percent to 129.47 yen
The dollar index, which tracks the greenback against a basket of six major rivals, edged down 0.1 percent to 93.545 <.dxy>, edging closer to last week`s 15-month low of 92.548.
The yield on the benchmark 10-year U.S. Treasury note
U.S. stocks closed lower on Tuesday after a late afternoon selling spree as investors fled for safety after Trump`s vow to respond aggressively to any North Korean threats. [.N]
Japan said on Tuesday it was possible that North Korea had already developed nuclear warheads and warned of an acute threat posed by its weapons programmes as Pyongyang`s continues missile and nuclear tests in defiance of U.N. sanctions.
Asian shares were slightly higher on Wednesday, with MSCI`s broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> up 0.1 percent in early trading.
Crude oil prices extended their slide from Tuesday as exports from key OPEC producers rose and despite news of lower crude shipments from Saudi Arabia. U.S. crude
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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