US-North Korea War of Words Plunges Global Stocks

The dollar prices and world stock market dropped after Trumps warning to North Korea, Trump said that US would respond with fire and extreme anger to North Korea’s nuclear desires to do great things. This made the (people or businesses who give money to help start businesses) to run away to safe-safe place investments. Just hours later North Korea thought about/believed (rocket-fired weapon/high-speed flying weapon) strikes near US (related to a plan to reach a goal) military installations on the Pacific Island of Guam. Trump’s comments proved the strength of Washington’s snobby and offensive (point of view/way of behaving) towards the nuclear and (rocket-fired weapon/high-speed flying weapon) programs of North Korea. The comments from Trump caused a dip at the Wall Street, breaking its nine-day streak of record. Growing tension between the US and North Korea boosted the Swiss franc, the Japanese desire, gold and government (written promises to pay money back from a loan) as (people or businesses who give money to help start businesses) searched for traditional safe places at a time of (related to how land, rivers, etc. affect a country’s rules and relationships) doubt. Nervous trading marked the 10th (yearly recognition or celebration) of the start of the major money-based problem on Wednesday, following Donald Trump’s warning that North Korea faced fire and extreme anger like the world has never seen if it continued to make threats against the US. Gold rose to its highest level in almost two months, while the Swiss franc increased by more than l % against the US dollar and saw its biggest one-day gain against the euro in more than two and a half years. South Korea’s won currency dropped 0.9% against the dollar. The Swiss franc is the safe place of choice as risk feeling gets boring routine from increasing nuclear fears between the US and North Korea. Of course, the desire, which is still the second best performer in the G10 foreign exchange space, is playing second fiddle to the Swiss franc due to Japan’s closeness to the epicentre in Pyongyang. Shares fell in Asian and (related to Europe) trading after Pyongyang responded to me US president’s tough language with a threat to launch a nuclear strike 0n the US Pacific (land area owned or controlled by someone) of Guam.

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About Erum Akbar 17 Articles
The author is Executive Editor of Mélange int’l Magazine and Secretary Information at Center of Pakistan and International Relations (COPAIR).