South Korean stocks are ripping higher as Trump and Kim agree to meet

North Korean leader Kim Jong-Un. Photo: STR/ AFP/ Getty Images.

South Korean stocks are ripping higher on news that US President Donald Trump has agreed to meet with North Korean leader Kim Jong-un by May at the latest.

The KOSPI is up 1.36% at 2,455.12 points, leaving it at the highest level since February 27.

South Korean Kospi. 5-Minute Chart.

Japan’s TOPIX is also responding well to the news, jumping 1.43% to 1,734.46 points.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.