Asian shares, US stock futures, dollar slip on rising Korean tensions

Asian

Asian shares and US stock futures slipped while US Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang’s warning that it is “carefully examining” plans for a missile strike on the US Pacific territory of Guam.

Just hours after US President Donald Trump told North Korea that any threat to the United States would be met with “fire and fury,” a spokesman for the Korean People’s Army said in a statement carried by the North’s state-run KCNA news agency that it was considering a strike aimed at US military bases on Guam.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan’s Nikkei was 1.2 percent lower as the stronger yen sapped investors’ appetite.

South Korean shares were down 0.9 percent and the won was 0.6 percent lower at 1,134.10 at 0048 gmt.

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