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Flight to safety amid Korea tensions

Published 08/29/2017, 05:15 AM
Updated 08/29/2017, 05:15 AM
© Reuters.  Flight to safety amid Korea tensions
  • The "flight to safety" trade is being seen across financial markets after Pyongyang fired a ballistic missile over Japan, while the U.S. and South Korea wrapped up their annual military drills in the area.
  • U.S. stock index futures and global shares are flashing red, while gold, the yen and Swiss franc are all getting a bid.
  • Describing the test as an "unprecedented, grave threat," Prime Minister Shinzo Abe has called for an emergency meeting of the UN Security Council.
  • U.S. Futures: Dow -0.6%. S&P -0.8%. Nasdaq -1%.
  • Europe: London -1.5%. Paris -1.6%. Frankfurt -2%.
  • Asia: Nikkei -0.5%; Hang Seng -0.4%; Sensex -1.1%.
  • Gold +1.2% to $1331/ounce, while the dollar is 0.8% lower to ¥108.43.
  • ETFs: GLD, IAU, PHYS, SGOL, UGLD, UGL, DGP, GLL, GTU, GLDI, DZZ, OUNZ, DGLD, DGL, DGZ, GYEN, GEUR, GLDW, UBG, GHS, GHE, QGLDX, UUP, FXY, YCS, UDN, FXF, USDU, JYN, YCL
  • Now read: Ray Dalio: Now Is The Time To Tactically Reduce Risk

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