Earlier, Pakistan said it had carried out air strikes in Indian-occupied Kashmir and shot down two Indian jets in its own airspace. Markets were watching the US-North Korean summit, which begins in Hanoi later on Wednesday. US President Donald Trump will meet North Korean leader Kim Jong Un for their second summit, with the United States pushing North Korea to dismantle its nuclear weapons program. The heightened geopolitical risks helped assets considered safer than stocks, such as the Japanese yen, which gained against the dollar. The new dovish stance of US monetary policy had not weakened the dollar much, notably against the euro.

Source: The Express Tribune February 27, 2019 11:03 UTC