Stocks exposed to North Korea are getting pounded after the sudden breakdown of Trump and Kim's summit

South Korean stocks were particularly badly hit, with South Korea's Kospi dropping close to 2%.

The sudden end to talks saw the two leaders cancel a signing ceremony, after they were unable to strike an agreement on North Korea's denuclearization.Hyundai Elevator, a branch of South Korean conglomerate Hyundai, which provides elevators and escalators, lost as much as 19% of its value on the day. Shinwon Corporation, which manufactures handbags and clothes, was down almost 22%.

"As if on cue, more weak data poured out of China," Jasper Lawler, head of research at London Capital Group wrote in an email. Factory activity in China contracted for a third straight month in February as export orders fell to the lowest level since the global crisis, he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ahead of Trump-Kim summit, South Korean firms in Vietnam dream of return to North KoreaAhead of Trump-Kim summit, South Korean firms in Vietnam dream of return to North Korea by juminism Live TrumpKimSummit updates:
Read more »

Ahead of Trump-Kim summit, South Korean firms in Vietnam dream of return to North KoreaAhead of Trump-Kim summit, South Korean firms in Vietnam dream of return to North Korea via juminism Live TrumpKimSummit updates:
Read more »