U.S. President Donald Trump on Thursday warned Pyongyang again, saying his previous promise to unleash "fire and fury" may not have been strong enough after North Korea responded with a threat to fire missiles over Japan to land near the U.S. Pacific territory of Guam. Most of the reaction is to President Trump's warning on late Wednesday and North Korea's comment about exploring the idea of hitting USA territory Guam with a missile strike.
In an apparent response to Trump's tweet, a statement issued by North Korea's official KCNA news agency claimed the president is "driving the situation on the Korean peninsula to the brink of a nuclear war".
US stock-index benchmarks opened slightly higher on Friday, but equities were on pace for its ugliest week in months amid intensifying rhetoric between the USA and North Korea.
Michael Kors surged 21.5 per cent after reporting 80 cents per share in the quarter ending July 1, 18 USA cents above analyst expectations.
The Dow Jones Industrial Average shed 0.2 per cent to close the day at 22,048.70.
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The recovery fit a recent pattern of investors using dips to put more money in stocks. The Nasdaq composite fell 45 points, or 0.7 percent, to 6,324. Earlier in the week, Trump said the United States would unleash "fire and fury" on North Korea if it continued to threaten the United States.
The Toronto Stock Exchange's S&P/TSX composite index fell 39.02 points, or 0.26 percent, to end at 15,217.33.
Elsewhere, French conglomerate Vivendi saw its stock fall 2.1 percent in the morning hours, while Italy's Mediaset dropped only 0.3 percent.
First, a wave of selling doused Asia's markets - sending Tokyo's Nikkei 225 down 1.3% and pressuring South Korea's Kospi Index to a 1.1% decline. The Dow closed up 0.05% and the Nasdaq was up 0.64%. Bond and gold prices, traditional havens for nervous investors, were little changed, and the VIX, a measure of how much volatility investors expect in stocks, fell 3.3 percent following a 44.4 percent jump the day before. Shares of Manulife, which reported better-than-expected results, fell after the company played down talk of a John Hancock spin-off.
Dean Foods Co.'s stock plunged 21 percent after reporting earnings in the second-quarter that were way below investors' expectations.
South Korea needs own nukes: Korean media
Aircraft from Marine All Weather Fighter Attack Squadron 533 stand on the runway at Andersen Air Force Base , Guam. Six B-1B bombers, each capable of carrying up to 84 missiles, are stationed at Guam's military base.
The benchmark US yield on Thursday was just above 2.2 percent, at its lowest level since late June, as investors bought up Treasuries, a classic safe harbor. Netflix lost 1.5 per cent.
Avis Budget Group slumped 9.9 per cent as it cut its full-year earnings forecast due to weak car-rental pricing amid a glut of autos.
The dollar slipped to 109.04 yen from 109.26 late Thursday.
The Canadian dollar was trading at 78.64 cents USA, down from an average price of 78.71 cents United States on Wednesday. The euro edged down to $1.1727 from $1.1751.
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