Korean shares end lower on foreign selling amid tensions over N. Korea

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The Dow slumped 204.69 points or 0.9% to 21,844.01, the Nasdaq plummeted 135.46 points or 2.1% to 6,216.87 and the S&P 500 tumbled 35.81 points or 1.5% to 2,438.21. The Korean won fell against the US dollar.

Read:Few investors are excited about stocks.

The Dow industrials rose 14.31 points, or less than 0.1%, to 21858.32 on Friday.

Markets across Asia suffered a bloodbath on Friday (Aug 11) as investors bailed on fears that escalating tensions between the United States and North Korea may boil over into military confrontation.

The CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the USA presidential election on Thursday, but was down 1.22 points at 14.82 points on Friday.

USA stocks deepened their losses following the latest Trump comments, and the S&P 500 volatility index, known unofficially as the "fear index", rose decisively. The VIX, a measure of how much volatility investors expect, jumped to its highest level since May. Top automaker Hyundai Motor fell 2.07 percent to 142,000 won.

Ryu Yong-seok, a market analyst at KB Securities Co., said North Korea risks could continue to weigh in the main index, though there are no negative factors that could undermine South Korea's economic fundamentals.

Shares in Tesla Inc. (NASDAQ:TSLA) Acquired by Alpha Cubed Investments LLC
The original version of this report can be viewed at https://www.com-unik.info/2017/08/12/tesla-inc-tsla-upgraded-at-argus.html. Equities research analysts predict that Tesla Inc. will post ($6.29) earnings per share for the current fiscal year.

Minneapolis Fed President Neel Kashkari, who has advocated for the Fed to halt interest rate hikes until inflation picks up gain, on Friday said his colleagues are telling each other "a ghost story (http://www.marketwatch.com/story/feds-kashkari-says-central-banks-hawks-are-spooked-by-ghost-story-of-higher-wages-2017-08-11)" about higher wage inflation that scared them into raising short-term rates.

Stocks rose as market bulls saw a buying opportunity after the threat of North Korea pulled Wall Street lower for three days straight. Macy's sank 10.3 per cent and Kohl's lost 5.8 per cent.

Nvidia Corp.(NVDA) shares fell 5.3%, even after the chip maker posted upbeat earnings late Thursday. Mining stocks also turned in a weak performance after Chinese base metal prices fell.

The rhetoric, which began late Tuesday and continued into Friday, interrupted stocks' march higher and cracked the calm that has enveloped the market for months.

USA stocks rose Friday but still notched their biggest weekly loss in months, as investors were shaken by disappointing earnings results and an escalation of threats between the US and North Korea.

If the North Korean regime "does anything" to the United States or a U.S. ally "things will happen to them like they never thought possible", he told reporters on Thursday, according to Bloomberg.

"Heightened geopolitical risks overnight have seen the markets flip from risk-on to risk-off and we have to wait and see how long this move runs before adding some positions", said Viraj Patel, an FX strategist at ING in London.

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