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A historic meeting between North Korea and the United states went "better-than-expected," according to President Trump. The two leaders signed an agreement that aims to lead to a complete denuclearization of the Korean Peninsula.
North Korean leader Kim Jong Un said, alongside with Trump, that their agreement will lead to a "major" change in the world.
The pan-European Stoxx 600 was up by 0.24 percent with most sectors and major indexes moving in the black. Autos, chemicals and retail stocks were the leading performers in early deals.
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MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS seesawed between positive and negative territory, and was last up 0.15 percent. South Korean shares .KS11 were a tad weaker while Chinese shares were buoyant after starting in the red. The blue-chip CSI 300 index .CSI300 jumped about 1.3 percent.
· Japanese shares rose on Tuesday, buoyed by optimism the U.S.-North Korea summit in Singapore could eventually pave the way to denuclearisation of the Korean peninsula.
The benchmark Nikkei average advanced 0.3 percent to 22,878.35, its highest closing since May 22 and not far from its four-month intra-day high of 23,050.39.
· Shanghai stocks recovered from early losses to end higher on Tuesday, as sentiment improved after U.S. President Donald Trump and North Korean leader Kim Jong Un signed a ‘comprehensive’ deal aimed at the denuclearisation of the Korean peninsula.
The blue-chip CSI300 index ended 1.2 percent higher at 3,825.95 points, while the Shanghai Composite Index ended up 0.9 percent at 3,079.80 points, snapping a three-session losing streak
Referenece: Reuters, CNBC
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