Trump-Kim summit boosts Asia stocks, eyes on central banks

By: AFP June 12,2018 - 09:18 PM

Major markets in Asia and Europe rose on Tuesday after Donald Trump and Kim Jong Un held a historic summit, while investors look ahead to key policy meetings at the Federal Reserve and European Central Bank this week.

Trump said he had formed a “special bond” with the North Korean leader, who reaffirmed his commitment to “complete denuclearisation of Korean Peninsula” in a joint agreement signed by the two.

While the meeting was not expected to see any immediate results, it has provided hope for peace on the Korean peninsula.

However, investors remain concerned about a possible global trade war after the weekend’s Group of Seven summit in Canada ended with Trump withdrawing support for a joint communique and accusing host Prime Minister Justin Trudeau of being dishonest.

That came just after he had hit Canada, Mexico and the European Union with steel and aluminium tariffs, sparking threats of retaliation that some fear could escalate.

For most of the day eyes were on Singapore, where Trump and Kim became the first sitting leaders of their countries to meet.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

TAGS: Asia, boosts, eyes, stocks, Summit

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.