Indian shares drop for third day on Korea tensions

US Air Force B1B bombers based at Guam have flown over the Korean peninsula

The dollar was down 1.2 percent at 0.9627 Swiss francs, while an ounce of gold was 1 percent higher at $1,275.

Three-hundred-fifty airmen from the 28th Bomb Wing at Ellsworth Air Force Base in South Dakota are among military personnel on Guam, the tiny Pacific island that's been the focus of recent global attention with escalating tensions between the USA and North Korea.

USA gold futures for December delivery rose 0.8 percent to $1,272.00 per ounce.

"We likely will continue to see more tension in the region (Korean Peninsula)", Meir noted.

The dollar weakened against the yen, which is often sought in times of geopolitical tension. The U.S. currency was down 0.3 percent at 109.980 yenJPY=, following a retreat to 109.740, its weakest since June 15.

Volatility in South Korea's currency markets rose in July from a month earlier, though the stability of the global financial markets continued, the central bank said Wednesday.

"The market had been complacent for a while regarding headlines from North Korea".

"With European, U.S. and Asian markets all suffering heavily in anticipation of a potential conflict in Asia, it is worthwhile noting that we have heard similar posturing between Trump and Kim Jong Un before", said Mahony.

With Asian bourses and US stock futures weakening early on Wednesday, the safe-haven 10-year Treasury yield US10YT=RR was last down 3 basis points. The common currency had lost about 0.4 percent overnight after news USA job openings surged to a record in June reinforced Friday's robust payrolls data and supported the greenback. Analysts expect that Thursday's policy decision will maintain the status quo with the benchmark rate left at the current 1.75%.

The Australian dollar, sensitive to shifts in risk sentiment, was down 0.5 percent at $0.7876 AUD=D4.

Meanwhile, the Korean won posted 5.2 won in daily value changes against the USA dollar in July, up from 4.5 won a month earlier, it said.

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