Asian stocks ended broadly higher on Tuesday as investors responded warmly to a historic meeting between US President Donald Trump and North Korean leader Kim Jong-un that took place in Singapore.
Trump became the first sitting American president to meet face-to face with a North Korean leader. The pair signed an agreement promising the denuclearization of the Korean Peninsula. The Australian market finished the session marginally higher despite banks and miners dragging on the ASX.
European markets closed on a mixed note. Following the Trump-Kim summit's conclusion, political pundits questioned the significance of the document signed by the two leaders as the language of the agreement did not spell out how the denuclearization will be verified.
On the data front, German economic confidence declined more-than-expected in June survey data from the Centre for European Economic Research or ZEW showed. The ZEW indicator lost 7.9 and is currently at -16.1 points, the lowest level in over five-and-a-half years. Meanwhile, eurozone investor also had a downward tendency compared to the previous month ZEW said.
Across the Atlantic, U.S. stocks closed little changed as the Trump-Kim summit brought no major breakthroughs. Traders look ahead to the conclusion of the Federal Reserve's two-day meeting on Wednesday.
World Markets Headlines Today
Asian markets fluctuate as Trump meets Kim, eyes on central banks (Fin24)
India: Sensex rises 200 points led by RIL, TCS, Nifty above 10,830 (Mint)
Australia: Stocks crawl to positive close (Australia Business Review)
European Shares Likely To Open On Firm Note (RTT News)
European markets trade higher after Trump-Kim sign accord (CNBC)
European markets are higher today with shares in Germany leading the region (CNN Money)
Dow slips as Fed takes center stage, with stocks putting in mixed performance (Marketwatch)
U.S. Stocks Drift Before Central Bank Decisions (Bloomberg)
Stocks Mixed After Trump-Kim Summit, Wall Street Looks to Fed Meeting (The Street)
Gold eases on firmer dollar; US-North Korea summit, Fed meeting in focus, Oil edges up on cautious optimism over Trump, Kim summit in Singapore (Reuters)
25 Major Markets Stock Indices Closing Data
All Continents Stock Indices Closing Data
Tokyo's Nikkei 225 was up 0.33% while Hong Kong's Hang Seng rose 0.13%. China's Shanghai Composite gained 0.91%. Seoul's KOSPI was off 0.05%. Mumbai's Sensex increased 0.59% while Nifty 50 was higher by 0.52%. Australia's ASX200 added 0.15% Singapore's STI finished the day 0.32% in the hole. Jakarta's stock market will be closed all week for the celebration of Eid-Ul-Fitr and Taiwan's Weighted Index was down 0.04%.
The Paneuropean STOXX600 was off 0.43%. France's CAC dropped 0.38%. London's FTSE was lower by 0.43%. Belgium's BEL 20 increased 0.07%. Amsterdam's AEX decreased 0.32%. Moscow's Stock Exchange was closed for Russia Day holiday.
In Southern Europe, Lisbon's PSI20 was up 0.33% while Spain's IBEX 35 was higher by 0.16% and Italy's FTSE MIB grew 0.15%. In Scandinavia, Stockholm's OMXS30 rose 0.07% while Copenhagen's OMXC25 was up 0.16%. Helsinki's OMXHPI finished the day 0.47% in the red.
In Central Eastern Europe, Budapest's BUX dropped 0.71% while Warsaw's WIG gained 0.50%. Prague's PX rose 0.15% and Bratislava's SAX was up 0.81. Tallinn's OMXT was lower by 0.19% while Riga's OMXR was up 0.67%. In Vilnius, the OMXV grew 0.12%.
In South Eastern Europe, Bucharest's BET was higher by 0.42% while Sofia's Sofix increased 0.44%. Belgrade's Belex 15 fell 0.33%. Podgorica's MNSE10 advanced 1.04%. Sarajevo's SASX10 was off 0.36% while Banja Luka's BIRS grew 0.69%. Ljubljana's SBI Top dropped 0.89%. Zagreb's Crobex fell 0.13%. In Skopje, the MBI10 was down 0.27%. Istanbul's BIST100 moved downward 0.71%. In Athens, the General Index finished the day 0.46% in the green while in Nicosia decreased 0.25%.
Dar Es Salaam's ASI dropped 0.51%. Egypt's EGX30 grew 0.11%. Johannesburg's ASI was up 0.11% and Casablanca's MASI ticked down 0.04%. Malawi's ASI gained 0.79% and
Nigeria's ASI rose 0.83% while Namibia's Overall Index was up 0.06%. Mauritius' SEMDEX fell 0.17% and Tunisia's TUNINDEX advanced 0.28%. Uganda's ASI was higher by 0.63% and Zimbabwe's Industrial Index increased 1.83%.
In the U.S., the Dow Jones was off 0.01% while the S&P rose 0.17%. The Nasdaq gained 0.57%. In Canada, the S&P TSX was higher by 0.16%.