Trump and N.Korea's Kim resume talks on second day of summit

US president Donald Trump and North Korean leader Kim Jong Un have entered into the second day of talks at the Hanoi Summit, with relations between the two strengthening.

Trump Kim Jung Un at second summit Source: Bloomberg

In the second day of the second meeting between the two leaders, the pressure is on for a denuclearisation deal, but Trump has said he’s in ‘’no rush’’. The US president has instead told the media on Thursday that his relationship with Kim has been strengthening.

No sign of progress on denuclearisation deal

It comes after Trump and Kim had their first brief round of talks and dinner on Wednesday, with both appearing upbeat. Trump said on Wednesday he was satisfied with the pace of negotiations.

‘I’ve been saying very much from the beginning that speed is not that important to me. I very much appreciate no testing of nuclear rockets, missiles, any of it, very much appreciate it,’ Trump told reporters at the dinner on Wednesday.

Kim, asked by a reporter if he was confident about a deal, and replied, ‘It's too early to tell, but I wouldn't say I'm pessimistic. For what I feel right now, I do have a feeling that good results will come out,’ he said.

The two leaders have a series of meetings scheduled at the Metropole, beginning with a one-on-one session lasting 45 minutes, the White House said.

A joint agreement signing ceremony

After a "joint agreement signing ceremony" Trump will address the media at 3:50 p.m. (0850 GMT) at a news conference.

However, the details of the mystery signing ceremony are still unclear, with the White House only revealing the possibility of a political statement declaring the end of the 1950-53 Korean war.

At their first meeting in June in Singapore, a joint statement was produced in which Kim pledged to work toward denuclearisation of the Korean peninsula, with the two sides committing to building permanent peace regimes.

US Intelligence officials believe there’s still no sign North Korea will give up its entire arsenal of nuclear weapons, with analysts saying Pyongyang is unlikely to commit to significant steps without an easing of punishing US-led sanctions.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Updated
Change
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

Please see important Research Disclaimer.