FIEE - Trump Walks Away From North Korea Should Beijing Worry?
Overview: News that the US-North Korean summit ended abruptly without an agreement spurred losses in equities and gains in the Swiss franc and Japanese yen. US President Trump willingness to walk away from the talks is important in and of itself, but it also sends a warning not to go all in on a US-China trade agreement that could also sour at the last minute. North Korea may express its displeasure by renewing missile tests. In addition, the tension between India and Pakistan remains in a heightened state.
Equities in Asia Pacific (with the notable