Aug
10
Equity Rout Deepens, Bonds Rise on Korea Tension: Markets Wrap
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Havens in demand as gold, yen advance on Trump-Kim spat
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VIX surges 44% in Thursday session, S&P 500 Index drops 1.5%
Stocks tumbled in Asia, following a U.S. slump overnight, as investors headed for havens from what hedge-fund manager Ray Dalio termed a game of chicken between U.S. and North Korean leaders.
Equities in Australia and South Korea declined after the S&P 500 Index halted an unprecedented stretch of calm on American equity markets and the CBOE Volatility Index soared 44 percent. U.S. President Donald Trump dialed up his warning to North Korea on threats to American allies, lifting gold to a nine-week high and pushing the yen toward 109 per dollar, while Treasuries strengthened. Japanese markets are closed for the Mountain Day public holiday…
Equity Rout Deepens, Bonds Rise on Korea Tension: Markets Wrap
