Global Market Report - June 13

Global investors moved on from the Trump-Kim summit to a string of central bank meetings

James Gard 13 June, 2018 | 11:00AM

Asia

The optimism surrounding the Trump-Kim summit proved to be shortlived, at least in the memory of stock market investors in the Asia-Pacific region. After an initial bump earlier in the week, Hong Kong’s Hang Seng and the Shanghai Composite fell by around 1% on the day. A lacklustre close on Wall Street contributed to the hesitant mood of investors, who looked ahead to the three central bank meetings due in the next few days.

Safe havens such as the Japanese yen were out of favour as geopolitical risk receded, and this helped Japan’s equity market fight the tide of weaker Asian markets.

India’s Bombay Sensex made another push higher as the index eyed a return to record high levels above 36,000 points.

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About Author

James Gard  is content editor for Morningstar.co.uk

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