Dollar slumps, Tokyo tanks as North Korea tensions spike

Dollar slumps, Tokyo tanks as North Korea tensions spikeThe Nikkei slumped to its lowest close for almost three months Wednesday, leading an Asia-wide sell-off sparked by President Donald Trump’s apocalyptic warning over North Korea’s weapons programme. Escalating tensions around Pyongyang’s nuclear ambitions sent a shiver through markets worldwide and pushed the dollar to below 109.7 yen in afternoon forex trade to an eight-week low against the safe haven currency, piling more pressure on Japanese stocks. Tokyo’s blue-chip index tumbled 1.3 percent to its lowest close since late May after the Dow’s winning streak of nine straight records ended following Trump’s sharp rhetoric of “fire and fury”, with the main European bourses also opening lower Wednesday.



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