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4 September 2017
 |
| Japan financial markets (The Total Investment & Insurance Solutions) |
Global stocks mostly fell on Monday after a nuclear test by North Korea
over the weekend raised fears about regional instability and as trading volumes
remained thin due to a U.S. holiday. The
Total Investment & Insurance Solutions
KEEPING SCORE: France's CAC 40 slipped 0.3
percent to 5,110.29 and Germany's DAX lost 0.2 percent to 12,119.21. Britain's
FTSE 100 edged down 0.3 percent to 7,415. U.S. markets were closed for Labor
Day.
NORTH KOREA: North Korea said it successfully
tested a hydrogen bomb. U.S. Defense Secretary Jim Mattis responded by saying
that the U.S. will answer any threat from the North with a "massive
military response — a response both effective and overwhelming." President
Donald Trump threatened to halt all trade with countries doing business with
North Korea, a warning to China, and faulted South Korea for its "talk of
appeasement."
THE QUOTE: "Korean tensions are elevated
again," said Chang Wei Liang from the Singapore Treasury Division at
Mizuho Bank. "While U.S. Defense Secretary Mattis warned of a 'massive
military response' if the U.S. or its allies are threatened, risk-off sentiment
this morning is not unduly excessive, largely because markets still do not
expect any military escalation in the near-term."
ASIA'S DAY: Japan's benchmark Nikkei 225
edged down 0.9 percent to finish at 19,508.25, while Australia's S&P/ASX
200 lost 0.4 percent to 5,702.00. South Korea's Kospi dipped 1.2 percent to
2,329.65. Hong Kong's Hang Seng slipped 0.9 percent to 27,703.67, but the
Shanghai Composite rose 0.4 percent to 3,379.58.
ENERGY: Benchmark U.S. crude gained 34 cents
to $47.64 a barrel. It added 6 cents to $47.29 a barrel in New York late
Friday. Brent crude, which is used to price international oils, rose 1 cent to
$52.76 a barrel in London.
CURRENCIES: The dollar fell to 109.58 yen from
110.04 yen late Friday. The euro slipped to $1.1905 from $1.1907.The Total Investment & Insurance
Solutions
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