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Restoration of the North Korean nuclear polygon affects Asian investors


Restoration of the North Korean nuclear polygon affects Asian investors

Following the summit on the denuclearization of North Korea in Hanoi, Presidents Donald Trump and Kim Jong-un did not reach an agreement on the main topic. The summit ended ahead of schedule, influencing Asian investors on stocking markets.

According to the South Korean National Intelligence Service, North Korea restored a part of the nuclear polygon, which it began to dismantle after the first summit with US President Donald Trump last year. Meanwhile, the US President said that “he would be very disappointed” if information about the restoration of the nuclear polygon in North Korea, which had previously been frozen, was confirmed.

Asian Markets

The leaders of growth are Chinese sites, which continue to reflect measures of support for the economy announced at the Congress of People’s Representatives in China. The most important of them – reducing VAT and widening the budget deficit.

However, news from the DPRK is reducing optimism, where the restoration of earlier dismantled the nuclear polygon has begun in response to the threat of a new sanction from Trump’s Advisor John Bolton. He said that the United States is considering options for strengthening the sanctions against North Korea if Pyongyang does not fulfill the conditions of the United States on denuclearization.

Brexit Uncertainty

On Wednesday, March 13, Asian stock markets showed a predominantly negative trend following the results of the trading session. At the same time, market participants are waiting for a re-voting on Brexit in the UK Parliament, which is unlikely to be successful.

The composite stock index of the region MSCI Asia Pacific closed in the red. The Japanese Nikkei 225 fell by 0.99%, the Chinese Shanghai Composite fell by 1.09%, the Hong Kong Hang Seng turned red by 0.39%, the South Korean KOSPI fell by 0.33%, and the Australian S & P / ASX 200 decreased by 0, 22%.

Positive Dynamics

India’s key stock indexes showed a steady increase. One of the main growth factors was the news of growing foreign investment in Indian securities in February to a fifteen-month high. In addition, investors are expecting the party of Prime Minister Narendra Modi to win in the upcoming general election.

The top Australian gainers were Saracen Mineral Holdings and Appen, which increased by 5.24% and 5.10%, respectively. The leaders of the decline were Sigma Pharmaceuticals and Inghams Group, decreasing by 12.30% and 3.87 %.

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