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U.S. stock indexes opened higher for the first time in four days on Friday after tepid data pointed to benign inflation that could make the Federal Reserve cautious about raising rates again this year, even as concerns lingered over rising tensions between the United States and North Korea.

For the week, the Dow is down 1.1%, its biggest one-week drop since November.

The DAX of Germany dropped 0.00 percent and the CAC 40 of France fell 1.06 percent.

The European markets ended Friday's session in the red, extending the losses of the past few sessions.

U.S. President Donald Trump warned North Korea on Thursday not to strike Guam or U.S. allies, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough.

The benchmark Korea Composite Stock Price Index lost 39.76 points, or 1.69 percent, to 2,319.71. The major index futures are now pointing to a modestly higher open for the markets, with the Dow futures up by 21 points.

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 8.6 percent.

Markets across Asia suffered a bloodbath on Friday (Aug 11) as investors bailed on fears that escalating tensions between the United States and North Korea may boil over into military confrontation.

"From a geopolitical perspective, we understand why the escalation in tensions will have shaken some of the complacency out of investors", said Eric Wiegand, senior portfolio manager at U.S. Bank Private Client Wealth Management. It slipped Friday but was up more than 50% for the week.

Instead, investors turned to assets that tend to benefit in times of geopolitical and financial stress.

Large retailers Macy's and Kohl's tumbled on Thursday after they reported another quarter of shrinking sales.

Singapore banks led the decline, with DBS Group shedding 2.2 per cent or 46 cents to $20.80; OCBC Bank fell 12 cents or 1.1 per cent to $11.20; United Overseas Bank Group lost 1.3 per cent or 33 cents to $24.20. The utility maintained the outlook on the current year's business performance after reporting a fall in first-half net income to 817 million euros from 1.08 billion euros last year.

Overall it has been a strong stretch for corporate profits.

USA government bonds strengthened Friday as soft inflation data led investors to further scale back expectations for interest-rate increases from the Federal Reserve.

The Nasdaq is down 134.69 points, or 2.1 percent.

Bond prices, which move inversely to yields, closed higher.

The Labor Department said on Friday its Consumer Price Index edged up 0.1% in July, which was below the 0.2% rise expected by economists polled by Reuters.

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