Published:  01:22 AM, 12 August 2017

European stock markets extend losses at open


European stock markets fell further in opening trade on Friday on intensifying fears over North Korea, dealers said. London's benchmark FTSE 100 index shed 0.9 percent to 7,323.45 points. In the eurozone, the Paris CAC 40 dropped almost 0.7 percent to 5,081.92 points compared with the closing level on Thursday. Frankfurt's DAX 30 was 0.4 percent lower at 11,961.60 points. "It could be another rough day for European equities," said ETX Capital analyst Neil Wilson.

"Korean tensions are pretty much the only horse in town." Equity screens were also awash with red in Asia as investors fled to safe haven assets after US President Donald Trump doubled down on his North Korea rhetoric. Traders reacted with dismay to his fresh warning Thursday.

-AFP, London


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