European stock markets slide on N.Korea nuke test

In initial deals, London's benchmark FTSE 100 index of major blue-chip firms shed almost 0.5 percent to 7,405.33 points compared with the closing level on Friday.

European stock markets slide on N.Korea nuke test

World Bulletin / News Desk

Europe's main stock markets sank in opening trade on Monday, after North Korea claimed it had tested a miniaturised hydrogen bomb.

In the eurozone, Frankfurt's DAX 30 index lost nearly 0.8 percent to 12,051.80 points and the CAC 40 in Paris was 0.7 percent lower at 5,088.28.

North Korea detonated what it claimed was a missile-ready hydrogen bomb, sharply raising the stakes in an already tense confrontation with Washington.

"Fresh North Korean tensions weigh on financial markets as the probability of a serious US military response escalates," VTB Capital analyst Neil MacKinnon told AFP.

The test comes less than a week after North Korea fired a rocket over Japan, with Washington on Sunday warning it could launch a "massive military response" to the latest provocation.

The White House said President Donald Trump stands ready to use the country's "full range of diplomatic, conventional, and nuclear capabilities" if North Korea continues to threaten the United States or its allies.

 

 

Last Mod: 04 Eylül 2017, 11:26
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