Stocks Open Lower as investors Fret Over Trade, Geopolitics

U.S. stocks opened lower on Wednesday, as investors shied away from risky assets such as global equities and commodities amid continues worries over trade and geopolitics.

The Dow Jones Industrial Average opened 130 points, or 0.5%, lower to 24,705. The S&P 500 index fell 10 points, or 0.4% to 2,713. Meanwhile the Nasdaq Composite declined 41 points, or 0.6% to 7,336. Among the worst performers on the S&P 500, Target Corporation shares fell 5.7% at the open as the retailer reported disappointing earnings.

Source : Marketwatch

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Trump Acknowledges Summit With North Korea’s Kim in Doubt

U.S. President Donald Trump said his planned summit with North Korean leader Kim Jong Un might not take place next month.

“If it doesn’t happen, maybe it will happen later,” Trump said. “It may not work out for June 12.”

Trump added, however, “There’s a good chance we’ll have the meeting,” terming the preliminary discussions between his administration and North Korean officials, so far, “a good experience.”

Trump also said of Kim that “I think he’s absolutely serious” about the planned talks.

Trump, speaking in the Oval Office alongside South Korean President Moon Jae-in, explained, “There are certain conditions that we want. I think we will get those conditions.”

Asked about the conditions, Trump replied, “I’d rather not say.” But he stated that the denuclearization of North Korea “must take place.”

Source : VOA

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Tokyo Stocks Close Lower on Jitters Over US-N.Korea Talk

Tokyo stocks closed lower Wednesday with investor sentiment hurt by downbeat remarks from US President Donald Trump on planned talks with the North Korea’s leader, and trade with China.

The benchmark Nikkei 225 index fell 1.18 percent or 270.60 points to close at 22,689.74 while the broader Topix index was down 0.68 percent or 12.26 points at 1,797.31.

Source : AFP

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