Tuesday 5 September 2017

Markets falls after North Korean nuclear test

Markets fell on Monday.

The STOXX Europe 600 fell 0.5 percent and the Nikkei 225 fell 0.9 percent.

The US stock market was closed for a holiday.

Markets fell after North Korea conducted a nuclear test on Sunday.

“While this is the sixth nuclear test, it is the first since Trump took office, so the market will see this as a clear escalation of tensions,” said Chris Weston, chief market strategist at IG Group.

“Unfortunately, there is unlikely to be any end in sight for this current standoff with North Korea, with few options seemingly on the table to demilitarize the regime,” said IG market analyst Josh Mahony in a note.

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