Daily News | Asian stocks and US numbers dropping

The last day of this trading week brings us more news related to the US – North Korea standoff which has been at the center of global attention for the last few days. Today, there were finally some palpable consequences of this situation, as both Asian stocks and their US counterparts fell significantly. When it comes to Asian stocks, the KOSPI index in South Korea reached its lowest level in almost three months yesterday, losing 3.2% of its value this week. The same happened to Chinese bluechips, which went down by 1.6%, Hang Seng index in Hong Kong dropped by 1.9% and Australian shares were 1.3% lower. At the same time, the US dollar is continuing to drop against the yen, reaching only 108.98 yen yesterday, which is a 0.2% loss. The dollar also lost value compared to the Swiss franc – a 0.1% drop led to a dollar being worth only 0.9635 CHF. US oil also lost value, as the crude oil price dropped by 0.9% to 48.16$ a barrel and Brent went down to 51.44$, which is also a 0.9% drop. In short, Trump’s rhetoric is not helping anyone right now, and the US president has to be careful with his statements in the future. We will see whether or not the White House takes any damage control measures, so keep following every day for the very latest information.

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