FTSE sell-off gathers strength on North Korea fears

Cornelia Mascio
Agosto 13, 2017

The FTSE 100 slipped by50 points, to 7,394, after having fell by 44 points on Wednesday and 108 points yesterday.

The FTSE 100 is clearly in a slump, brought on in part by the tensions between the USA and North Korea, which could eventually culminate in nuclear war. Trump said that Kim-un Jong had disrespected his country and also said that he would not be getting away with it.

Tensions with North Korea appear to have finally shaken the confidence of USA investors, after the S&P 500 opened 0.8% lower, threatening to end its 15-day streak with a closing streak of more than 0.3%, a 90-year record.

Efforts by the U.S. to dial down rhetoric have failed to shift the bearish mood among investors. "North Korea responding with a threat to USA territory after Trump warned them not to threaten the US was never going to go down well", Lawler said. Trump said on Thursday that his first threat to unleash "fire and fury" may not have been tough enough.

'Stock markets in Europe are still under pressure because of the heightened tensions surrounding North Korea, ' said David Madden, market analyst at CMC Markets UK.

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