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(CNN)US Secretary of Defense James Mattis has insisted that diplomatic efforts to contain the threat posed by North Korea are working, and remain the favored means for solving the crisis.

Hours after President Donald Trump intensified his threat to rain "fire and fury" upon North Korea, Mattis said war would be "catastrophic."

It is the second time this week that a key member of the US administration has tried to calm the waters after bellicose comments from the President. Secretary of State Rex Tillerson has also sought to promote dialogue and diplomacy over military action.

http://www.cnn.com/2017/08/11/politics/north-korea-trump-us-diplomacy/index.html

Stocks in Asia closed lower on Friday as U.S.-North Korea geopolitical tensions came to the fore once again, keeping the demand for safe haven assets intact.

South Korea's benchmark Kospi index fell 1.69 percent, or 39.76 points, to end at 2,319.71, driven by losses in major tech and retail stocks. Samsung Electronics and SK Hynix closed down 2.79 percent and 4.66 percent respectively, while department store operator Shinsegae tumbled 9.53 percent.

Offshore investors sold 287.1 billion won ($251.5 million) in Kospi-listed stocks in the previous session, the Korean Herald reported, with the information technology sector taking the brunt of the sell off.

In Australia, the S&P/ASX 200 declined 1.18 percent, or 67.833 points, to close at 5,693.100. The index's move lower was driven by broad-based losses across most sub-indexes although gold stocks climbed. The heavily-weighted financials sub-index was 1.30 percent lower.

Markets in greater China mirrored the slide in global equities. Hong Kong's Hang Seng Index was down 2.04 percent by 3:05 p.m. HK/SIN. On the mainland, the Shanghai Composite tumbled 1.59 percent, or 51.9447 points, to close at 3,209.8047, and the Shenzhen Composite shed 1.602 percent, or 29.9985 points, to finish the session at 1,842.5981.

Japan markets are closed for the Mountain Day holiday.

https://www.cnbc.com/2017/08/10/asia-markets-focus-on-us-north-korea-tensions-safe-haven-assets.html

Washington (CNN)It's the no-win situation that can only be imagined by US military officials tasked with preparing for a worst-case scenario -- conducting a preemptive strike on North Korea.

With little time to evacuate, millions of innocent citizens would be caught in the crossfire if the US and its regional allies were to initiate a first strike, that would almost certainly result in high casualties on both sides.

Friday morning, President Donald Trump warned on Twitter that "Military solutions are now fully in place, locked and loaded," though he said "hopefully Kim Jong Un will find another path!"

A military operation would consist of a swift and multi-dimensional attack, as the fight would be defined by the first minute of combat, according to Jerry Hendrix, a retired Navy captain and senior fellow at the Center for New American Security.

http://www.cnn.com/2017/08/11/politics/us-north-korea-strike-first/index.html

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