Tokyo Stocks Close Mixed After Trump Cans N.Korea Summit

Tokyo stocks closed flat on Friday, shored up by bargain hunting after pessimism from Washington’s cancellation of a planned summit with North Korea.

The benchmark Nikkei 225 index inched up 0.06 percent or 13.78 points to close at 22,450.79, while the broader Topix index slipped 0.22 percent or 3.95 points to 1,771.70.

Source : AFP

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European Markets Open Higher After Trump Scraps US-North Korea Summit

European stocks opened higher on Friday morning, as market participants’ fears were calmed by North Korea’s response to President Donald Trump’s decision to cancel a landmark summit.

The pan-European Stoxx 600 was up around 0.35 percent at 392.02 shortly after the opening bell, with almost all sectors and major bourses in positive territory.

North Korea’s vice foreign minister said the country was still hopeful of a “Trump formula” in order to resolve a standoff over its nuclear weapons program. The isolated regime also said it would remain open to resolving issues with the U.S after Trump canceled an upcoming meeting with North Korean leader Kim Jong Un.

Source : CNBC

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Asian Stocks Staring at Weekly Loss as Trump Cancels Kim Summit

Asian equity benchmark fell on Friday as U.S. President Donald Trump’s cancellation of his planned summit with North Korean leader Kim Jong Un sparked a risk aversion globally.

The MSCI Asia Pacific Index was down 0.3 percent to 172.15 as of 10:14 a.m. in Hong Kong, heading for a second consecutive weekly decline. Key equity benchmarks in Japan, China and Australia fluctuated as U.S. futures pointed higher but those in South Korea and Hong Kong declined. Automakers and telecommunications companies were the biggest drag on the Topix index. Malaysian stocks rebounded after wiping out their entire advance of 2018 over 4 consecutive days of declines.

Source : Bloomberg

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