Wall St opens higher after tepid inflation data

Stocks plunge amid growing North Korean-US tensions, gold continues rise

Spot gold inched down 0.1 percent to $1,284.64 per ounce as of 0616 GMT, but was set for a weekly gain of over 2 percent. -North Korea tensions and the weak data that further reduced expectations of an interest rate hike in December.

Tokyo's Nikkei index had dropped 1.3% by the time European stock markets opened on Wednesday morning, with similar falls on the German and French bourses.

Oil managed to end higher today, after the Energy Information Administration reported a bigger-than-expected decrease in domestic crude inventories last week.

The U.S. equity market is hovering near record levels and volume has been tepid following the onset of summer.

The Topix index of all first-section issues edged down 0.04 percent, or 0.65 points, to 1,617.25 for a weekly loss of 0.87 percent.

North Korea has said it may attack Guam in retaliation.

North Korea said on Wednesday it is considering plans for a missile strike on the U.S. Pacific territory of Guam, just hours after Trump told the North that any threat to the United States would be met with "fire and fury".

In New York, the Dow Jones industrial average plunged 204.69 points to 21,844.01, while the S&P 500 index dropped 35.81 points to 2,438.21 and the Nasdaq composite index slid 135.46 points to 6,216.87.

On Tuesday, President Donald Trump warned North Korea of "fire and fury" in response to recent threats from Pyongyang, which said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base.

Shares of Snap were down as much as 14.23 percent and hit an all-time low following a miss on revenue and daily active users. Germany's DAX was flat, while France's CAC 40 fell 1.1 percent.

Meanwhile, the Russell 2000 index of small-cap stocks finished out the week 2.7% lower, its biggest one-week decline since February 2016.

"I don't think that some of the great leaders that I have admired would have taken that same path", McCain said.

UN Secretary-General Antonio Guterres said he was deeply concerned about the tensions on the Korean Peninsula and was "troubled" by the increase in confrontational rhetoric. These have ranged from an investigation into Russia's possible interference in the 2016 U.S. presidential election, to concern about China's risky debt levels, to stubbornly low inflation in the US. Britain's FTSE 100 added 0.1 percent.

BONDS: Bond prices rose.

Amid the hot rhetoric, USA stocks sold off sharply on Thursday, with the S&P 500 falling more than 1 percent.

CURRENCIES: The dollar slipped to 109.04 yen from 109.26 late Thursday.

In currency markets, the South Korean won was among the worst hit, falling 0.9% to 1,135.18 against the dollar as its Northern neighbour's tough talking intensified.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.22% from 2.20% late Thursday.

In commodities trading, United States crude oil was wallowing around $49 to the barrel amid speculation that a predicted gain in American output will offset OPEC-led efforts to trim a global glut.

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