North Korea tensions send markets into the red

European markets sunk into the red on Tuesday after North Korea ratcheted up tensions with the United States by firing a ballistic missile over Japan.

The FTSE 100 Index closed down 64.03 points to 7,337.43, after the rocket plunged into waters off the northern Pacific Ocean in a sign of defiance from Pyongyang to the war games being conducted by Washington and South Korea.