GLOBAL MARKETS-Shares recover as North Korea's conciliatory stance calms nerves [Reuters]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
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Source: Reuters
Shares recover as North Korea's conciliatory stance calms nerves | Reuters 6 Min Read TOKYO (Reuters) - Global shares were on the mend on Friday as Pyongyang’s measured response to U.S. President Donald Trump’s announcement to call off a key summit with North Korea healed market sentiment, although investors remained cautious. North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a “Trump formula” to resolve the standoff over its nuclear weapons program, noting that the country was open to resolving issues with the United States. European shares are expected to recover with spread betters seeing Britain’s FTSE, France’s CAC and Germany’s Dax rising 0.5-0.6 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan managed to eke out 0.1 percent gains, while South Korea’s Kospi pared much of its earlier loss of 0.9 percent to last trade down 0.2 percent. Japan’s Nikkei was up 0.1 percent. “Insofar as the North Koreans do not resume testing missiles, wh
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