Wednesday, 18 July, 2018

Market reaction to Trump-Kim summit

US President Donald Trump and North Korea's leader Kim Jong Un leave after signing documents that acknowledge the progress of the talks and pledge to keep momentum going after their summit at the Capella Hotel on Sentosa island in Singapore N Korea Offers Nothing as Trump Agrees to Halt US-S Korean Exercises- Hayden REUTERS Jonathan Ernst
| 15 June, 2018, 08:21

Kim Yong-nam is the head of the Supreme People's Assembly and said Russian Federation welcomes and would be assessing the summit.

Trump had said after his meeting with the North Korean leader that sanctions - which place stringent restrictions on how North Korea can interact with the outside world - would remain in effect until "the nukes are no longer a factor", but it was unclear exactly what that meant.

North Korean state media reported on Wednesday that the two leaders had recognised the principle of "step-by-step and simultaneous action" towards that goal, saying the USA president had evoked "as progress is made from dialogue and negotiations, lifting sanctions against DPRK (North Korea)".

Mr Putin's invitation to Mr Kim comes after Russia's foreign minister Sergei Lavrov visited Pyongyang in May for the first time since 2009.

"The Japanese didn't know about it", said Menendez, who had on Tuesday called the Trump-Kim statement "anaemic" with "very little substance on anything". "I'm not going to give any insight into where we are in private talks", he said.

A Japanese government source said on Thursday that Trump told Prime Minister Shinzo Abe that Kim was open to dialogue with Japan.

The administration's argument is that the incremental approach used by past administrations has allowed North Korea to extract rewards and incentives from the USA, only to ultimately renege and refuse to give up its nukes. -South Korea joint military exercises if talks between the Democratic People's Republic of Korea (DPRK) and the United States continue.

In a statement North Korea agreed to work towards "complete denuclearisation of the Korean Peninsula".


In public, at least, South Korea's leader cast the summit's outcome as positive during a short meeting with Pompeo at the Blue House, South Korea's presidential palace.

"So have a lot of other people", Trump said.

North Korean state media reported on Wednesday that Kim and Mr Trump had recognised the principle of "step-by-step and simultaneous action" to achieve peace and denuclearisation on the Korean peninsula.

Pompeo also said he's confident that US talks with North Korea will resume "sometime in the next week".

However, Chinese Foreign Minister Wang Yi did not answer a question on this directly at their press conference yesterday, but said instead that China stood ready to play a constructive role in the denuclearisation process.

The interview was taped aboard Air Force One while Mr. Trump was heading back from Singapore, after he and Kim met and signed a joint statement outlining their objectives.

He said Trump's curious claim that the North's nuclear threat was over was issued with "eyes wide open", and brushed off a North Korean state media report suggesting Trump would grant concessions even before the North fully rids itself of nuclear weapons.

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