Stock Market News (European Open) – US-North Korea tensions command equity market activity, induce spike in volatilityFacebook Google Plus TweetMounting tensions between the US and North Korea have weighed on equity markets, sending the majority of the Asian and European bourses into red territory and inducing a spike in volatility.
Bar Australia’s equity benchmark, the S&P/ASX 200 that rose 0.38% today, all other major bourses in Asia finished day lower.
Japan’s Nikkei 225 was down 1.29%, followed by the Hang Seng index that fell 0.36% and the Shanghai Composite index that dropped 0.03%.
The pan-European STOXX 600 index fell 0.75% in the early hours of trading as all sectors plunged, led by a 1.04% drop in financials.
The blue chip STOXX 50 index fell 0.39%.
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Stock market closes bring down on North Korea pressures; Disney, Goldman kneecap Dow
The S&P 500 index SPX, -0.04% SPX, -0.04% slipped 0.90 point, or less than 0.1%, to finish at 2,474.02, overcoming an earlier 13-point deficit.
Of the 11 sectors on the S&P 500, only the utilities, consumer-discretionary, telecom and financial sectors finished in the red.
On Monday, the S&P 500 moved in a range of just 0.2%, the third smallest range of the past 20 years, according to data from LPL Financial.
So far, the S&P 500 has gone 15 sessions without a change of 0.3% or more, he said.
Shares of Raytheon Co. RTN, +2.57% closed up 2.6%, while Rockwell Collins Inc. COL, +0.58% shares rose 0.6%.
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U.S. stock-market benchmarks ended in the red on Tuesday, as President Donald Trump issued a verbal warning to North Korea amid mounting tensions between Washington and Pyongyang.
The S&P 500 index SPX, -0.04% closed off 0.2%, while the Nasdaq Composite Index COMP, -0.28% finished down 0.2% on the day.
The three major equity benchmarks dipped firmly lower, before coming off lows, in late-afternoon activity following President Trump’s warning that North Korea would be met with “fire and fury” if the Hermit kingdom continues to provoke the U.S. with missile tests and acerbic rhetoric.
“They will be met with fire and fury like the world has never seen,” Trump said from his golf club in Bedminster, N.J.
Trump’s comments during his vacation also bumped the so-called fear index, CBOE Volatility Index VIX, +6.12% slightly higher, up 11%, at 10.98.
collected by :Dicson Walt