TSX opens lower as US-North Korea tensions weigh

People walk past an electronic board showing stock prices outside a brokerage at a business district in Tokyo, Japan, January 23, 2017.

South Korea's won dropped 0.9 percent against the USA dollar to its lowest close since July 13.

Platinum climbed 0.4 percent to $980.10 per ounce after touching $984.60 during the session, its highest since April 18.

U.S. Secretary of State Rex Tillerson, too, moved to diffuse tensions saying he believed "Americans should sleep well at night" and that he had "no concerns about this particular rhetoric of the past few days".

Early in the day, North Korea revealed a detailed plan to launch a salvo of ballistic missiles toward the U.S. Pacific territory of Guam, a major military hub and home to U.S. bombers.

Applebee's To Close Up To 135 Restaurants
On the profit side, the company posted net income of $20.9 million, or $1.18 a share, down from $26.4 million, or $1.45 a share. Tiaa Cref Investment Management LLC cut its position by selling 1,609 shares a decrease of 1.9% from 03/31/2017 to 06/30/2017.

In Europe, Germany's DAX fell 1.1 percent, while the CAC 40 in France lost 0.6 percent.

The S&P is trading near its most expensive valuation level since 2004, as measured by the price-to-12-month forward earnings ratio.

The government of South Korea said it will seek all methods possible to resolving tensions with the cooperation of other countries.

The Trump administration has been grappling with how to address North Korea's nuclear program, so far relying on imposing new worldwide sanctions, putting public pressure on China to rein in its neighbor, and threatening to use preemptive airstrikes on the country. "Both countries know that there is no turning back once they push the button", Fujii said. Still, he said, "the Washington, D.C., bedlam and North Korea's saber-rattling is muddying the broader landscape".

Overseas markets were also lower Wednesday.

TSX closes 143 points lower, gold rises amid US-North Korean tensions
In overseas trading, stock markets across the Asia-Pacific region saw further downside during trading on Thursday. The dollar was steady at 110.005 yen after going as low as 109.560 overnight, its weakest in eight weeks.

Though Hanke said he did not expect a sustained sell-off in riskier Asian assets, he added "safe assets, as a class, are probably underpriced at present".

The kiwi was 0.79 per cent lower against the greenback after New Zealand's central bank said it was slightly more uncomfortable with the high level of the local dollar than it had been in May. The Nasdaq composite lost 0.2 per cent, to 6,370.46. US crude was unchanged at $48.59 per barrel and Brent was last at $51.84, down 1.63 percent on the day.

Financial stocks underperformed after U.S. Treasury yields fell as bond prices rose in a flight to safety by nervous investors.

Gold hit its highest in nearly two months after Trump added to the geopolitical anxiety by boasting of the strength of the US nuclear arsenal.

Benchmark 10-year notes last rose 5/32 in price to yield 2.2255 per cent, from 2.242 per cent late on Wednesday.

Tesla: Self-Driving Semi-Trucks On The Way
Some companies also are working on technology for "platooning", a driving formation where trucks follow one another closely. Tesla seems to be passing through scrutiny over the safety of using Autopilot since last year's fatal crash in Florida.

The Swiss franc and Japanese yen had notched up impressive gains against the dollar on Wednesday after U.S. President Donald Trump warned North Korea that it would face "fire and fury" if it threatened the United States.

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