North Korea nerves push stocks down for third day, lift gold

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North Korea nerves push stocks down for third...
 © BusinessMail 2017
 

By Marc Jones

World stocks fell for a third day on Thursday and investors moved again into the Swiss franc, yen and gold, prompted by the war of words between the United States and North Korea.

Markets saw a tentative recovery in risk appetite in overnight U.S. and early Asian trading, but anxiety mounted again as Asian stocks fell back and London, Frankfurt and Paris dropped 0.5-1.2 percent in Europe.

Currency traders consolidated positions in the Japanese yen and Swiss franc, and pushed up the dollar index by unwinding some of the recent bets on the euro.

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North Korea nerves push stocks down for third day, lift gold


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