North Korea: Kim Jong Un softening stance - Rabobank

This morning Asia is focused on dramatic developments in the Koreas, where North Korean leader Kim Jong Un has walked over what is still the world’s most heavily-militarized border and shaken hands with South Korean President Moon Jae-In, notes the research team at Rabobank.

Key Quotes

“This is only the second time Kim has met another head of state (China’s Xi was first), and the first time any North Korean leader has entered South Korea, thus carrying hopes of a formal end to the Korean War. Of course, today is more about the cameras than a deal, but it is a Berlin Wall/Nixon to China kind of moment that we get increasingly few of nowadays – and is also a warm up for the even more pivotal Trump-Kim summit to be held in early June.”