What Analysts in Asia Are Saying About Kim-Trump Summit, Tariffs
- Let’s wait and see what comes out of the summit: UBS AM
- There’s sense of relief with some exempted from tariffs: ANZ
Ian Bremmer Calls Trump's Agreement to Meet Kim Jong Un a Big Deal
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Investor sentiment has been buoyed in Asia by the proposed meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un, though doubts remain on its outcome. There is a sense of relief that some exemptions were announced with Trump’s decision to levy tariffs on steel and aluminum imports, though market participants are focusing on actions to follow from countries including China.
The MSCI Asia Pacific Index climbed as much as 0.8 percent though pared gains as the Asian morning progressed while the yen slumped. South Korea’s Kospi index rose as much as 1.8 percent, and the won was little changed.