Asian markets gain ahead of Trump-Kim summit


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The two leaders first met last June in Singapore, a summit that was long on historic pageantry but short in any enforceable agreements for North Korea to give up its nuclear arsenal, the media report stated.





Asian stock markets were trading higher on Wednesday’s morning trade as investors watch the second summit between President Donald Trump and North Korean leader Kim Jong Un in Vietnam, where talks will take place to try and convince Pyongyang to end its nuclear program in exchange for sanctions relief.

The two leaders first met last June in Singapore, a summit that was long on historic pageantry but short in any enforceable agreements for North Korea to give up its nuclear arsenal, the media report stated.

The Fed chief told Congress that the US economy should keep expanding at a solid, though somewhat slower pace this year, and reassured markets that the central bank would be "patient" in raising interest rates.

Japan's benchmark Nikkei 225 added 0.5%, Australia's S&P/ASX 200 gained 0.3%, South Korea's Kospi edged up nearly 0.2%. Hong Kong's Hang Seng added 0.5%, while the Shanghai Composite index gained 0.9% to 2,966.84.

Overnight on Wall Street, Dow Jones Industrial Average slipped 33.97 points to close at 26,058, the S&P 500 shed 0.1% at 2,794, and The Nasdaq Composite closed fractionally lower at 7,549.

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