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Global Markets: World keeps watch on Korean peninsula

By Commodity News Service Canada

Sept. 5 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Markets are keeping an eye out for response by nations worldwide following an agreement in principal between the United States and South Korea to remove warhead size limits on South Korean missiles. Meanwhile, the U.S. is pressing the United Nations security council for tougher UN sanctions on North Korea, which are expected to go to a vote Sept. 11.

– As negotiations to update the North American Free Trade Agreement continue, the United States insistence on automotive content rules of origin is becoming a major obstacle.

– Bitcoin has taken its greatest fall since July following a decision by China’s central bank that said the digital currency token’s initial offering is illegal and all fundraising must be stopped. The bank said digital token financing and trading are prohibited and can’t be used as coins on the market. Bitcoin fell to 11.4 per cent in response at one point before rebounding.

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