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North Korea threats; China aluminum; Disney ditches Netflix

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1. North Korea: Global stock markets are firmly in the red after another escalation of tensions between North Korea and the United States.

Germany's DAX dropped 1% in early trading, while London's FTSE 100 shed 0.6%.

In Asia, South Korea's benchmark Kospi index fell 1.1%, and the Nikkei in Tokyo sank 1.3%. Australia bucked the trend with a 0.4% gain.

U.S. stock futures were pointing to a weaker open on Wednesday.

Meanwhile, investors moved money into assets seen as safe havens. Gold prices increased 1% and the Swiss franc gained against all major currencies.

The moves come after President Trump ratcheted up the war of words with Kim...