On Thursday, U.S. President Donald Trump said his earlier threat to unleash "fire and fury" on North Korea "maybe wasn't tough enough". Thursday's producer-price index came out tepid, analysts said. 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.
Japanese markets were closed for a holiday, but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe posted its largest weekly drop since the week before Donald Trump won the USA presidential election in November.
The Standard & Poor's 500 index fell 20 points, or 0.8 percent, to 2,453 as of 10:09 a.m.
"What has changed this time is that the scary threats and war of words between the USA and North Korea have intensified to the point that markets can't ignore it", said Shane Oliver, head of investment strategy at AMP Capital in Sydney.
"Traders should closely watch global equities today, with further falls and risk aversion likely pumping more safe-haven flows into precious metals", said Jeffrey Halley, a senior market analyst at OANDA.
But the yen added to an already-strong weekly rally of close to 1.5 percent, hitting its highest in nearly four months versus the dollar at 108.73 yen. While the German DAX Index has edged down by 0.1%, the French CAC 40 Index and the UK's FTSE 100 Index are both down by 1%.
"We assume markets will move on if it remains purely a war of words but the selloff looks durable", he added.
USA crude was down 0.9 percent at $48.16 per barrel, on track for a weekly loss of 2.9 percent.
South Korea's KOSPI fell 1.7 percent to its lowest since May 24, but its losses for the week are a relatively modest 3.2 percent.
Instead, investors turned to the traditional safe-haven assets sought in troubled times, the Japanese yen strengthened 0.5 percent to 109.73 to the dollar JPY=.
Australian shares were down 1.3 percent, set for a weekly loss of 0.6 percent and Chinese and Hong Kong bluechips lost 1.6 percent and 1.9 percent respectively. Ten-year US yields dropped 4 basis points to 2.242 percent US10YT=RR and German equivalents fell 3 bps to 0.43 percent DE10YT=TWEB, a six-week low. Banks and retail chains were also among the big decliners.
Japan's Yen is another victor with USD/JPY dropping from the 111 region right down to the 109's we are presently seeing.
Away from the geopolitical drama, USA inflation data is due at 1330 GMT. The euro fell to $1.1735 from $1.1752.
Prices rose by just 0.1% last month, below expectations, with the annual inflation rate up to 1.7% from 1.6%.
The 30-year bond last /32 in price to yield 2.7933 percent, from 2.794 percent late on Thursday.
USA crude rose 0.41 per cent to US$48.79 per barrel and Brent was last at US$52.01, up 0.21 per cent.
The demonstrations began Friday in Charlottesville with white nationalists marching through town and while carrying lit torches. On July 8 a few dozen Ku Klux Klan marchers gathered in Charlottesville to protest plans to remove the statue of Lee.
This is the seventh successive Premier League season that Tottenham will play their opening Premier League game away from home. He certainly matched the England full-back going forward, notching five assists in just 12 games last season .
Surveillance video captured the moment a auto plunged seven stories off the side of a parking garage in Texas. Last September, a sport utility vehicle plunged from the ninth floor of the same parking garage.
Hill died from hyperthermia due to environmental exposure, authorities said, and the manner of death was listed as an accident. By noon, the inside of the van had increased to 133 degrees, and by 3 p.m., it had increased to about 144 degrees.
With razor-sharp execution, we must continue to transform commerce in India through technology and India-specific innovations. With this investment, Flipkart has now raised approximately $8 billion via 14 rounds.
Fast Company had previously said that the luxury iPhone 8 will cost not less than a whopping $1000, may be slightly higher. A new YouTube video from Danny Winget shows the iPhone 8's Copper Gold , Silver , and Black replica.
The new map, Chateau Guillard , will only be available for Deathmatch mode as of now, but this could change in the future. Details regarding the new map are still scarce and Blizzard has yet to provide images of what it even looks like.
Americans are already experiencing more extreme precipitation. - The Arctic is warming faster than the rest of the world. The sea level rose to 82 mm, also setting a record since 1993, when we started monitoring this indicator.
Koeman has already concluded Wayne Rooney's days as a striker are over and he sees the returning Evertonian in a deeper role. The decorated forward's goal was the only moment of note in a tiresome opening period.
McCain "traveled close to Mischief Reef in the Spratly Islands, among a string of islets, reefs and shoals", Reuters reported. China reiterated that the USA provocation will force PLA to take further measures to strengthen homeland defense capacity.
He said they will be ready to do so should they clearly see that figures in the commission's server show they lost. The various observer missions monitoring the elections in Kenya have called for peace in that country.
President Kenyatta reelected for 5 more years in Kenya
ELOG said the voting process went on smoothly apart from a few isolated cases of electronic kits failing to function properly. Odinga alleged that hackers infiltrated the election commission's computer system in favor of his opponent.
Gold Climbs As North Korea Concerns Increase
Against the Swiss franc EURCHF=EBS, it fared slightly better and was broadly flat on the day at 1.1319 francs per euro. Benchmark U.S. 10-year notes US10YT=RR rose 9/32 in price to yield 2.2494 percent, from 2.282 percent late on Tuesday.