New York (AFP)
The Dow's winning streak of nine straight records ended Tuesday after President Donald Trump vowed a devastating response to any escalation of North Korea's nuclear program.
"North Korea best not make any more threats to the United States," said Trump, who was speaking from his golf club in New Jersey. "They will be met with fire and fury like the world has never seen."
Trump's sharp rhetoric tipped US stocks into negative territory after they had earlier climbed on positive economic data. Stocks were mixed elsewhere, with European equities climbing and Tokyo dipping.
The US president's threat came after media reports that North Korea has produced a nuclear warhead small enough to fit inside its missiles.
"Investors have had a muted response to each ofPyongyang's 11 ballistic missile tests this year, but today's strong statement from Mr. Trump clearly upped the ante a bit," Briefing.com said.
"Still, today's move was very minor in the grand scheme of things and comes at a time when many investors are looking for an excuse to sell as equities hover near all-time highs."
In Europe, London's commodities-heavy FTSE 100 index of major blue-chip firms stocks ended the day with a 0.1 percent gain.
But mining firms were penalized on the poor trade data from China, which is a top global consumer of many raw materials. The data showed export growth in July came in well below expectations after months of steady momentum.
Chinese exports rose 7.2 percent year-on-year in June, undershooting the forecast, while imports climbed less than expected.
"China has been a major buyer of minerals in recent years and today's numbers show a slight softening for demand," said market analyst David Madden at CMC Markets.
"Investors sold basic resource stocks like Anglo American, Rio Tinto, BHP Billiton, and Glencore," he added.
Some Asian bourses paused for breath in light summer holiday trading, after recording healthy gains Monday on optimism over global growth triggered by last week's strong US jobs report
In Tokyo a stronger yen, which weighs on exporters' profits, helped nose Japanese equities down as the greenback gave up some ground.
The Nikkei closed down 0.3 percent, also dragged down by tech giant SoftBank slipping into negative territory as it announced a dive in April-June net profit.
But Hong Kong continued a month-long advance as traders prepared for more earnings from heavyweights including China Mobile.
Shanghai stocks were little changed despite the disappointing Chinese trade data.
- Key figures around 2100 GMT -
New York - Dow: DOWN 0.2 percent at 22,085.34 (close)
New York - S&P 500: DOWN 0.2 percent at 2,474.92 (close)
New York - Nasdaq: DOWN 0.2 percent at 6,370.46 (close)
London - FTSE 100: UP 0.1 percent at 7,542.73 points (close)
Frankfurt - DAX 30: UP 0.3 percent at 12,292.05 (close)
Paris - CAC 40: UP 0.2 percent at 5,218.89 (close)
EURO STOXX 50: UP 0.3 percent at 3,514.77
Tokyo - Nikkei 225: DOWN 0.3 percent at 19,996.01 (close)
Hong Kong - Hang Seng: UP 0.6 percent at 27,854.91 (close)
Shanghai - Composite: UP less than 0.1 percent at 3,281.87 (close)
Euro/dollar: DOWN at $1.1748 from $1.1794 at 2100 GMT on Monday
Pound/dollar: DOWN at $1.2989 from $1.3030
Dollar/yen: DOWN at 110.39 yen from 110.76 yen
Oil - Brent North Sea: DOWN 23 cents at $52.14 per barrel
Oil - West Texas Intermediate: DOWN 22 cents at $49.17 per barrel
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