Local Korean-Americans worry as tensions rise between US and N. Korea

The three major US stocks indexes ended higher on Friday, snapping three days of losses, as investors bet on slower USA rate hikes, but gains were muted by increasingly aggressive exchanges between the United States and North Korea.

All 11 major S&P sectors were lower and the consumer discretionary index .splrcd was the biggest loser with a 1 percent drop.

For the week the S&P fell 1.4 percent and the Dow lost 1.1 percent - their largest weekly drops since the week ending March 24 - and the Nasdaq was off 1.5 percent.

The tech-heavy Nasdaq composite bore the brunt of the sell-off, losing 135.46 points, or 2.1 percent, to 6,216.87.

Unease over the situation pushed the VIX, a measure of how much volatility investors expect in stocks, up 44.4 percent.

December Comex Gold futures rose on Thursday for a third straight day, hitting a two-month high as investors continued to react to an additional exchange of threats by the United States and North Korea.

At a briefing on opioid addiction at his golf course in Bedminster, New Jersey, Trump warned North Korea not to make any more threats against the United States, adding that North Korea would be "met with fire and fury like the world has never seen". Silver rose 1.7% to $16.70 per ounce.

Investors piled into safe-haven assets such as USA government bonds, gold and the Japanese yen and sold off shares.

Applied Materials, Inc. (AMAT) Stock Rating Lowered by Vetr Inc
Considering that the stock daily volume of 11.55 million shares, this represents a pretty noteworthy trading in volume size. A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMAT.

The euro was 0.14 per cent higher against the U.S. dollar.

Shane Oliver, head of investment strategy at AMP Capital in Sydney, said: "What has changed this time is that the scary threats and war of words between the U.S. and North Korea have intensified to the point that markets can't ignore it".

Markets also awaited U.S. inflation figures, as measured by the Consumer Price Index (CPI), which is set to signal how fast USA interest rates will rise.

Smaller-company stocks also fell sharply.

The euro slid 0.2 percent to 129.47 yen (EURJPY=), and gained 0.1 percent against the dollar to $1.1761 (EUR=). These mark a bucking against the 1.3% fall in Australia's benchmark index.

The remarks followed a new report asserting that USA intelligence has assessed that Pyongyang has successfully produced a nuclear warhead that can fit inside its missiles.

"In the event that war should break out, and that leads to an acceptance of further loose monetary and fiscal policy in the U.S., we would expect a falling USA dollar real yield environment, giving renewed, and sustainable, impetus to monetary metals prices". "So we're not going to get to a year-over-year number of 2-percent until some of these very low readings drop out of the statistics 6 to 10 months from now".

The dollar slipped to 109.04 yen from 109.26 late Thursday.

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