Asia stocks, dollar extend slide as US, North Korea tensions intensify

Asian Market 1

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.

Japan is the world’s biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis.

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Epic Research
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