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5 September 2017
 |
| Japan financial markets (The Total Investment & Insurance Solutions) |
Stock markets were subdued on Tuesday after South Korean warships
carried out military exercises amid tensions over North Korea's weekend nuclear
test explosion. The
Total Investment & Insurance Solutions
KEEPING SCORE: Tokyo and Seoul indexes closed
lower earlier, but Germany's DAX was up 0.6 percent to 12,172 and France's CAC
40 0.1 percent higher at 5,106 after a survey showed the eurozone economy is
growing at a robust pace. London's FTSE 100 was flat at 7,411 after a similar
survey of business activity showed a slowdown. On Wall Street, which had been
closed on Monday for Labor Day, futures for the Dow Jones industrial average
and Standard & Poor's 500 index were off 0.2 percent. The Total Investment & Insurance
Solutions
NORTH KOREA: South Korean warships conducted
live-fire exercises at sea following U.S. warnings of a "massive military
response" after North Korea's biggest nuclear test to date. The U.N.
Security Council held an emergency meeting and American Ambassador Nikki Haley
said North Korean leader Kim Jong Un is "begging for war." The Total Investment & Insurance
Solutions
ANALYST'S TAKE: "The rhetoric on North
Korea has stepped up a gear, or maybe two," Rob Carnell of ING said in a
report. "Markets are not as panicky as you might expect against this
background, though the direction is as one would expect." Carnell noted
news reports that Japan plans to evacuate its citizens from South Korea if U.S.
military action appeared likely. "So packed planes from Seoul heading to
Tokyo might be our first clue that a U.S. strike is coming," he said.
ASIA'S DAY: Tokyo's Nikkei 225 fell 0.6
percent to close at 19,385.81 and Seoul's Kospi lost 0.1 percent to 2,326.62.
The Shanghai Composite Index rose 0.4 percent to 3,384.32 and Hong Kong's Hang
Seng added 1.1 percent to 27,741.35. India's Sensex advanced 0.3 percent to 31,807.05
and benchmarks in Taiwan and Southeast Asia also gained. Sydney's S&P-ASX
200 was unchanged at 5,706.20 while New Zealand declined. The Total Investment & Insurance
Solutions
ENERGY: Benchmark U.S. crude gained 62 cents
to $47.91 per barrel in electronic trading on the New York Mercantile Exchange.
The contract rose 6 cents on Monday to close at $47.29. Brent crude, used to
price international oils, advanced 24 cents to $52.58 in London. It fell 41
cents the previous session to $52.34.
CURRENCY: The dollar declined to 109.35 yen
from Monday's 109.72 yen. The euro edged down to $1.1893 from $1.1897.The Total Investment & Insurance
Solutions
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