Risk appetites may grow as US, North Korea talk peace

Singapore

ASIAN markets' somewhat watered-down reaction to the landmark US-North Korea summit in Singapore affirmed the fact that the unprecedented one-on-one powwow in all its staged glory and larger significance for world peace was hardly a nail-biting event for investors from the start.

The meeting between US President Donald Trump and North Korea's Kim Jong Un, which concluded without hiccups, resulted in Mr Kim pledging to work toward peace on the Korean peninsula - a big score for geopolitics though it was short on specifics.