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FxWirePro: Asian equities march higher as Trump-Kim summit begins with high optimism

Asian equities are upbeat this morning as the U.S. President Donald Trump met with North Korean supreme leader Kim Jong-un in Capella hotel on Singapore’s Sentosa, a resort island with luxury hotels, a casino, manmade beaches and a Universal Studios theme park. Speaking for a brief moment with reporters, both leaders hailed the progress made so far.

Trump said, “I feel really great. We’re going to have a great discussion and, I think, tremendous success. It will be tremendously successful. And it’s my honor. And we will have a terrific relationship, I have no doubt.” and Kim said, “Well, it was not easy to get here. The past worked as fetters on our limbs, and the old prejudices and practices worked as obstacles on our way forward. But we overcame all of them, and we are here today.”

Both the leaders are currently having a closed-door meeting and it has been announced that both the leaders would sign a document, though, no one is sure of the content of the document.

As the prospect of a lasting peace agreement looms, the stock markets all across Asia is up today.

Japanese Nikkei is trading at 22965, up 0.71 percent so far today. Tokyo’s Topix up 0.61 percent. Hong Kong’s Hang Seng index is up 0.4 percent. China’s CSI300 is up 0.83 percent. Australia’s ASX200 is up 0.12 percent. India’s Nifty50 is up 0.4 percent.

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