Asia Stocks, Dollar Extend Slide As US, North Korea Tensions Intensify - Dollar Advisory & Financial Services

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Friday 11 August 2017

Asia Stocks, Dollar Extend Slide As US, North Korea Tensions Intensify

Asian stocks slumped on Friday as tensions ramped up between the US and North Korea, sending investors into less risky assets such as gold, the yen and US government bonds.

South Korea's Kospi fell 1.3 percent in early trade, taking its losses this week to 2.8 percent.

The Korean won also continued to skid, sliding 0.3 percent to 1,145 won to the dollar, after earlier sinking to its lowest level in a month.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent in its third session of declines, with Australia down 1.4 percent. Japanese markets were closed for a holiday.

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