US and North Korea stand-off is hurting emerging market stocks

WASHINGTON – Emerging market assets still felt yesterday the reverberations of the stand-off between Washington and Pyongyang, with stocks extending losses for a second day while currencies fared more mixed.

In a war of words between Washington and Pyongyang that has unnerved regional powers and global investors, North Korea dismissed as a “load of nonsense” warnings by US President Donald Trump that it would face “fire and fury” if it threatened the US.

And it outlined detailed plans for a missile strike near the Pacific territory of Guam. MSCI’s emerging market index – dominated by Asian heavyweight bourses such as …read more