Asian stocks slip, yen and gold rise as global risks weigh

Asian stocks set for a rough ride as tensions rise

Asian stocks set for a rough ride as geopolitical risks rise

In earnings news, MTS Systems plunged after reporting earnings that fell short of analysts' estimates.

LONDON, April 11 (Reuters) - The safe-haven yen rose broadly in European trading on Tuesday, as investors considered a spectrum of risks including possible US action in Syria and North Korea, and a resurgence in previously written-off contenders in France's presidential race.

The rising uncertainty has seen a surge in safe-haven investments, with the yen climbing to five-month highs against the dollar.

In Hong Kong, the Hang Seng China Enterprises Index climbed +0.3% and the Hang Seng Index jumped +0.6%, wiping out earlier intraday losses. The ASX 200 dipped 0.05 percent while the Kospi was marginally higher and trading 0.07 percent higher.

News related to tensions over North Korea and Syria mostly took the market's attention and Chinese inflation data today were shrugged off as the figure was around expectations.

Shares were mixed Tuesday in Europe and Asia as trading was overshadowed by North Korea's rumblings over the USA decision to send an aircraft carrier group into waters near the Korean Peninsula.

On Syria, US Secretary of State Rex Tillerson flew to Moscow on Tuesday to confront the Kremlin about its support for the government of Bashar al-Assad, amid US statements that Russian Federation tried to cover up a chemical attack.

Investors were also weighing the increased uncertainty of what is now increasingly seeming like a four-way contest in France's presidential election. "North Korean (and) Syrian tensions and the upcoming French election appear to be topping the list of reasons to seek the flight to safety at the moment".

TROUBLED TOSHIBA: Shares of the Japanese electronics maker extended losses, falling more than 2 percent after it raised doubts about its ability to survive as a company.

In contrast, Capital Economics said in an April 11 global economic outlook that it continues to see far faster United States rate hikes and rising U.S. 10-year yields than the market consensus.

Trading was largely muted on Wednesday as safe-haven demand kept U.S. Treasury yields lower and investors saw little reason to make major moves in the currency market. The greenback fell below 110 yen for the first time since mid-November JPY= . The euro edged up to $1.0670 from $1.0665.

U.S. Treasury yields fell, with benchmark yields hitting a near five-month low due to Trump's comments favouring low interest rates. The Dow Jones industrial average slipped 0.03 percent to 20,651.30. The Nasdaq composite index added 22 points, or 4 percent, to 5,900.

WALL STREET: Industrial, materials and energy companies led USA stocks modestly lower before markets were due to be closed Friday for a holiday.

Benchmark crude oil closed higher for the fifth day in a row, adding 84 cents, or 1.6 percent, to $53.08 a barrel in NY. Brent crude, used to price worldwide oils, added 1 cent to $55.87. Brent crude rose 0.34 percent to trade at Dollars 56.42 a barrel while USA crude rose 0.36 percent to trade at USD 53.59.

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