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North Korea casting doubt on summits, pulls out of talks with South Korea - Reuters

North Korea is fueling doubts that the country will continue with summits with foreign countries as the country pulls out of talks with South Korea, as reported by Reuters.

Key quotes

"North Korea on Wednesday threw into question an unprecedented summit between its leader Kim Jong Un and U.S. President Donald Trump scheduled for next month, denouncing military exercises between South Korea and the United States as a provocation and calling off high-level talks with Seoul.

A report on North Korea’s official Korean Central News Agency angrily attacked the “Max Thunder” air combat drills, which it said involved U.S. stealth fighters and B-52 bombers, and appeared to mark a break in months of warming ties between North and South Korea and between Pyongyang and Washington.

Trump has raised expectations for a successful meeting even as many analysts have been skeptical of the chances of bridging the gap due to questions about North Korea’s willingness to give up a nuclear arsenal that now threatens the United States.

“This exercise, targeting us, which is being carried out across South Korea, is a flagrant challenge to the Panmunjom Declaration and an intentional military provocation running counter to the positive political development on the Korean Peninsula,” the South Korean news agency Yonhap quoted KCNA as saying."

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Joshua Gibson

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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