North Korea's nuclear test weighs on global markets

(Image credit: KAZUHIRO NOGI/AFP/Getty Images)

published 4 September 2017

Global stocks fell on Monday as North Korea's sixth and most powerful nuclear test sent investors searching for safer investments. The yen, gold, and sovereign bonds rose. South Korea's benchmark stock index fell by more than 1 percent, and Japan's Nikkei lost nearly 1 percent. Europe's major exchanges opened down by more than 0.5 percent but recovered some of those gains later. U.S. markets are closed Monday for Labor Day, but U.S. stock-index futures fell, with Dow Jones Industrial Average futures down by 0.2 percent, and S&P 500 and Nasdaq-100 futures down by 0.3 percent.

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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.