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A catastrophic fall: the breakdown of Tramp-Kim summit hit the stock price



Bangkok – Asian stock prices have fallen after the negotiations between President Donald Trump and North Korean leader Kim Jong-Una have been suddenly broken.


Source: Tanjug

Photo: Thinkstock

Photo: Thinkstock

The two leaders left the hotel in which they found themselves long before the expected and the breakfasts and acts of signing of the joint agreement were canceled, informs AP.

South Korea's benchmark index, Kospi, increased by 1.8 percent.

The Japanese Nikkei 225 index fell 0.8 percent to 21.385.16 points, while Shanghai Composite fell 0.4 percent to 2.940.95 points.

Hang Seng Hong Kong index dropped 0.6% to 28,581.39 points, while Australian S & P ASX / 200 recorded a gain of 0.3% to 6,169.00 points.

Stocks also fell in Southeast Asian markets, but rose in India.

Stock prices on the New York Stock Exchange ended up trading overnight after US commercial representative Robert Lajzer told a panel that "much more needs to be done" before the US. UU. And China reach an agreement.

China has offered to significantly increase purchases of American products, such as soy and natural gas, in an attempt to resolve the conflict, but Lajtizer said that these steps will not be enough.

President Tramp postponed the increase in customs duties of $ 200 billion in importation of Chinese products, which will enter into force on March 2, without specifying a new date for the introduction of higher tariffs if the negotiations fail.

In Volstritt, the S & P 500 index dropped 1.52 points to 2.792.38 points, while Dau Jeans 0.3 percent, up to 25.985.16 points. Nasdak Composite rose 0.1 percent to 7.554.51 points, while the Rasel 2000 index, which measured the value of small business shares, rose 0.2 percent to 1.581.05 points.

The main indices in European markets also decreased, followed by oil prices.

WTI's oil fell 17 cents to $ 56.77 per barrel in e-commerce on the New York Stock Exchange, after a 2.6 percent increase on Wednesday, stabilizing at $ 56.94. Brent oil fell 29 cents to $ 66.29 a barrel. In London, it rose 1.9 percent to 66.58 dollars per barrel.

In currency exchanges, the dollar slid 110.80 yen today from the level of 110.99 yen registered this Wednesday. The euro strengthened to $ 1,1373, while trading for $ 1,1367 yesterday.


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