Stock markets fell on Thursday (May 24), hit by the decision by US President Donald Trump to call off a planned summit with North Korea, as well as concerns over a new transatlantic trade conflict as the US mulls tariffs on car imports. Logo of the London Stock Exchange While share prices in Frankfurt and Paris had been higher on bargain-hunting earlier in the day, markets ended the day in the red, pulled down by a weaker showing on Wall Street. London ended the session 0.9 per cent lower, Paris slipped by 0.3 per cent and Frankfurt shed 0.9 per cent. In New York, the benchmark Dow Jones Industrial Average dropped 0.8 per cent after Trump informed Kim Jong Un he was cancelling their nuclear summit next month in Singapore, blaming “anger” and “hostility” from the North Korean regime for the spectacular collapse of the historic event. The region’s bourses had already fallen heavily on Wednesday after Trump said he was not satisfied with talks aimed at averting a trade war with China. Comments by US Commerce Secretary Wilbur Ross, who said he had initiated an investigation into whether auto imports “are weakening our internal economy and may impair the…