Stocks in Europe and Asia Slip as North Korea Tensions Rise


LONDON — Saber rattling between the United States and North Korea sent financial markets in Europe and Asia lower on Wednesday as investors shifted their money into assets considered to be havens in times of trouble.

Stocks in France and Germany were down more than 1 percent in early trading, while the FTSE 100 share index in London fell 0.8 percent. Those moves came after stocks in Japan and South Korea had fallen a little more than 1 percent, while futures markets suggested shares in the United States could open modestly lower as well.

Investors appeared to be moving their money into the relative safety of bond markets. Yields on British and European bonds, which move inversely to the price, were lower on Wednesday morning. The price of gold, which tends to perform well in times of high tension, was also up.

The weaker markets followed President Trump’s warning to North Korea that it would see “fire and fury like the world has never seen” if it continued to threaten the United States. Several hours later, North Korea said it was considering a strike that would create “an enveloping fire” around Guam, the Pacific island where the United States stations military personnel.

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