Kearney NEW YORK (Reuters) - President Donald Trump's move to cancel a planned June meeting with North Korean leader Kim Jong Un sent global shares lower on Thursday, while auto stocks continued ...

U.S. President Donald Trump's move to cancel a planned June meeting with North Korean leader Kim Jong Un sent global share markets sharply lower on Thursday before they regained some footing, while auto stocks continued to decline on tariff fears. Trump, in a letter to North Korea released by the White House, called off the June 12 summit, citing "tremendous anger and open hostility" in a recent statement by the East Asian country. The cancellation came even after North Korea followed through on a pledge to blow up tunnels at its nuclear test site.

U.S. stocks paredthe losses initially suffered after President Donald Trump canceled a June summit meeting with North Korean leader Kim Jong Un, citing “open hostility” from the isolated nation. The Nasdaq Composite Index (^IXIC) was flat at 7,426. Geopolitical worries hovered over markets after Trump called off the meeting that was set to take place in Singapore.

U.S. stock benchmarks traded lower in early Thursday action after President Donald Trump canceled a planned meeting with North Korea. In a letter released by the White House, Trump told North Korean leader Kim Jong Un that the summit "will not take place." The president added that "tremendous anger and open hostility displayed in your most recent statement," was behind the cancellation. In the letter Trump said "you talk about your nuclear capabilities, but