Investors were unnerved by the prospect of months of coalition talks that could distract from negotiations with Britain over its divorce from the European Union and efforts to integrate the bloc's remaining members.
Reports said that China was drafting a plan to ban commercial trading of all virtual currencies
Amazon's $13.7 billion purchase of Whole Foods, which will be completed on Monday, has been hanging over a brick-and-mortar retail sector unsure of how to respond to the world's biggest online retailer
In addition to this, the US Consumer Financial Protection Bureau has also ordered American Express to pay $1 million and formulate new guidelines ensuring non-discriminatory card offerings in future
US gold futures for December delivery were down about 0.4 per cent at $1,274.90 an ounce
The dollar duly rallied to its highest level against a basket of major currencies in nearly three weeks and was last holding at 93.824
Wall Street closed sharply lower after US President Donald Trump issued a new round of fiery rhetoric, warning Pyongyang against attacking Guam or US allies after it disclosed plans to fire missiles over Japan to land near the US Pacific territory
The market was also waiting for data that would offer clues about the extent to which the strengthening US labour market is spilling over into inflation.