Wall Street opened in the red because of the tension around the DPRK

The Dow stock index lost more than 100 points at the opening of trading on Tuesday. 29.Aug.17 2:22 PM By Daria Zaytseva Photo Toinnov.com    251

This was due to the flight of investors into reliable assets after the missile launch of the DPRK over Japan, which gave rise to fears of a new round of tension between Pyongyang and Washington. North Korea on Tuesday launched a ballistic missile that flew across the Japanese island of Hokkaido and fell into the sea, which caused the indignation of Japanese Prime Minister Shinzo Abe and other world leaders. President of the United States Donald Trump said that with regard to North Korea "all options are considered." Gold prices jumped to a maximum since November, and the yield of 10-year US government bonds fell to a minimum since November 9, the day after the presidential election in the United States. The CBOE Volatility Index, which is an indicator of market volatility, rose 1.95 points to 13.27. By 17.12 GMT, the Dow Jones index fell by 0.3 percent to 21,742.65 points, the S & P 500 index - by 0.45 percent to 2.433333 points, the Nasdaq Composite index - by 0.48 percent to 6,252.69 points. The defense sector has strengthened. Paper Northrop Grumman, Raytheon, Lockheed Martin and General Dynamics gained from 1.08 to 1.7 percent. Nike shares fell 2.41 percent, as Morgan Stanley lowered their price target by $ 4 to $ 64.

---

Back to the list

Related Information: