Shares Recover As North Koreas Conciliatory Stance Calms Nerves


TOKYO – Global shares were on the mend on Friday as Pyongyang’s measured response to U.S. President Donald Trump’s announcement to call off a key summit with North Korea healed market sentiment, although investors remained cautious.

North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a “Trump formula” to resolve the standoff over its nuclear weapons program, noting that the country was open to resolving issues with the United States.

European shares are expected to recover with spread betters seeing Britain’s FTSE, France’s CAC and Germany’s Dax rising 0.5-0.6 percent.

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