* Trump warns N.Korea that "all options are on the table"
* Gold, bonds rise on safety buying
* Futures lower: Dow 108 pts, S&P 13.25 pts, Nasdaq 46 pts (Adds details, comments, updates price)
By Sruthi Shankar
Aug 29 (Reuters) - U.S. stocks were set to open sharply lower on Tuesday as North Korea's missile test over Japan escalated tensions with the United States, and President Donald Trump warned that "all options are on the table".
The Dow e-minis were down 108 points, while the Nasdaq 100 e-minis NQc1 were down 46 points.
The missile, tested early on Tuesday, flew over Japan and landed in the Pacific about 735 miles off the northern region of Hokkaido, a rare occasion when North Korea fired projectiles over mainland Japan. and destabilizing actions only increase the North Korean regime's isolation in the region and among all nations of the world. All options are on the table," Trump said in a statement. this month, North Korea threatened to fire four missiles into the sea near the U.S. Pacific territory of Guam after Trump warned that the reclusive country would face "fire and fury" if it threatened the United States.
"It is a risk-off mode and ... investors are either staying on the sidelines for this dust to settle or booking their gains," said Naeem Aslam, chief market analyst at Think Markets UK.
Investors scampered to safe-haven assets, with gold XAU= jumping to its highest since November and the benchmark U.S. 10-year treasury yield US10YT=RR dipping to its lowest since the day after the Nov. 8 U.S. presidential election.
Investors have been pouring into exchange-traded products (ETPs) linked to Vix, particularly UVXY.K and TVIX.O , that were up about 13 percent and were among the most active issues in premarket trading.
iShares MSCI Emerging Markets ETF (NYSE: EEM ) EEM.P was down nearly 1 percent.
The S&P and the Dow ended little changed on Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the U.S. energy hub in Texas.
"The effects of Hurricane Harvey are still going to remain prominent as the flooding continues. It is going to have some serious economic impact and just how large that would be is still unclear," Aslam said.
At 8:30 a.m. ET (1230 GMT), Dow e-minis 1YMc1 were down 108 points, or 0.5 percent, with 51,360 contracts changing hands.
S&P 500 e-minis ESc1 were down 13.25 points, or 0.54 percent, with 363,037 contracts traded.
Nasdaq 100 e-minis NQc1 were down 46 points, or 0.79 percent, on volume of 67,545 contracts.
U.S.-listed shares of gold miners including Kinross Gold KGC.N and Harmony Gold HMY.N were up about 5 percent in premarket trading.
Dow component Nike NKE.N fell 2.31 percent after Morgan Stanley cut its price target by $4 to $64. Line FINL.O plunged about 29 percent after the sporting goods retailer cut its full-year profit forecast and adopted a poison pill.
Electronics retailer Best Buy BBY.N were down about 1 percent despite raising its full-year revenue forecast.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.