Global stocks subdued amid North Korea summit uncertainty - News Summed Up

Global stocks subdued amid North Korea summit uncertainty


Global stocks traded in narrow ranges Wednesday as China-U.S. trade talks, North Korea's cancellation of meetings with South Korea and weaker than expected Japanese economic growth weighed on sentiment. KEEPING SCORE: In Europe, Germany's DAX was up 0.1 percent at 12,988 while the CAC 40 of France fell 0.1 percent to 5,550. Wall Street was poised to open steady with Dow futures and the S&P 500 futures down 0.1 percent. NORTH KOREA: North Korea canceled a high-level meeting with South Korea, threatening to scrap a historic summit next month between President Donald Trump and North Korean leader Kim Jong Un over military exercises between Seoul and Washington that Pyongyang has long claimed are rehearsals for invasion. ASIA'S DAY: Japan's Nikkei 225 stock index lost 0.4 percent to 22,712.23 and the Kospi in South Korea edged less than 0.1 percent higher to 2,459.82.


Source: ABC News May 16, 2018 08:51 UTC



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