European stocks slide amid US-North Korea tensions

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Dai-ichi Life Holdings dropped 1 percent, T&D Holdings fell 2.2 percent while Mitsubishi UFJ Financial Group declined 0.9 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.

Gold added to early gains, and the dollar pulled back, following the release of USA data showing a cooler reading for inflation at the wholesale level.

"It is true that the security situation on the Korean peninsula has become very grave due to North Korean provocations and some assessed them as the North's continued strategic provocations", the senior official told assembled local reporters at a closed-door meeting not open to the worldwide press.

"The market has calmed down a bit, as they remember that the market did not suffer a major damage in April after North Korea filed a missile", said Hiroyuki Nakai, chief strategist at Tokai Tokyo Research Center.

"If we break above this downtrend, then we potentially open up the region up to $1,300, the recent highs we saw in April and June", Butler said. The Dow lost 36 points or -0.17%, the S&P 500 slipped just -0.04% and Nasdaq fell -0.28%.

The broader Topix fell 1.1 percent to 1,617.90 and the JPX-Nikkei Index 400 shed 1.0 percent to 14,375.72.

September silver SIU7, +1.35% also added 22.2 cents, or 1.3%, to $17.085 an ounce, also in territory last seen about two months ago.

Against the euro, the Swiss currency was little changed at 1.1328 per euro.

More news: Political tensions continue to weigh on world stocks

"The yen is the big story really".

"It's fantastic when you consider the headlines just how calm the equity markets are, how they've taken things in their stride", said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina. Germany's DAX Index fell 0.6 percent, while the UK's FTSE 100 Index retreated 1.2 percent, and France's CAC 40 Index slid 1.4 percent.

U.S. Treasury long-dated yields dropped to six-week lows, pressured by U.S. The data could slow Federal Reserve interest-rate hikes, presumably hurting the dollar and helping gold. The Nasdaq lost 135 points, or 2.1 percent, to 6,216.

Meantime oil has slipped as producers increased their exports, while Gold is trading higher.

The decline followed overnight losses on Wall Street.

Auto parts maker Hyundai Mobis Co. was up 1.78 percent, and Naver, the operator of the country's top Internet portal, gained 0.13 percent.

US President Donald Trump said that North Korea would face "fire and fury" if it continued to threaten the States, however North Korea has dismissed these warnings by the USA incumbent as a "load of nonsense".

Geopolitical risks can boost demand for assets considered safe-haven investments, such as gold.

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