HONG KONG: Asian markets mostly fell on Friday as Donald Trump shocked the world by pulling out of next month's historic summit with Kim Jong Un, though analysts said the losses were tempered by hopes the talks can be rekindled.

Traders had already been nervous in recent days after the US president warned he could pull out of the June 12 meeting with the North Korean leader, while also voicing his displeasure at a deal to avert a trade war with China and threaten tariffs on car imports.

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