US President Donald Trump said a historic summit with North Korean leader Kim Jong Un on Tuesday had gone “better than anybody could have expected”, and they would sign a document following talks on ways to end a nuclear stand-off on the Korean peninsula.

Kim stood silently alongside Trump as he spoke to media during a post-lunch stroll through the gardens of the Singapore hotel where the summit was held, but the North Korean leader had earlier described their meeting as a “a good prelude to peace”.

Both men walked to Trump’s limousine and looked in at the rear seat, with Trump apparently showing Kim something inside. They then resumed their walk.

“A lot of progress - really very positive. I think better than anybody could have expected. Top of the line, very good. Were going now for a signing,” Trump told journalists, without giving details on what would be signed.

Should they succeed in making a diplomatic breakthrough, it could bring lasting change to the security landscape of Northeast Asia, like the visit of former US President Richard Nixon to China in 1972 led to the transformation of China.

Both men had looked serious as they got out of their limousines for the summit at the Capella hotel on Singapore's Sentosa, a resort island with luxury hotels, a casino, manmade beaches and a Universal Studios theme park.

But, with cameras of the world's press trained on them, they displayed an initial atmosphere of bonhomie as they met on the verandah of the Capella, a refurbished 19th century British regimental officers' mess.

‘Good relationship’

After a handshake, they were soon smiling and holding each other by the arm, before Trump guided Kim to the library where they held a meeting with only their interpreters. Trump had said on Saturday he would know within a minute of meeting Kim whether he would reach a deal.

Inside, they sat alongside each other against a backdrop of North Korean and US flags, with Kim beaming broadly as the US president gave him a thumbs up.

The combatants of the 1950-53 Korean War are technically still at war, as the conflict, in which millions of people died, was concluded only with a truce.

After initial exchanges lasting around 40 minutes, Trump and Kim emerged, walking side-by-side through the colonnaded hotel before entering a meeting room, where they were joined by their most senior officials.

Kim was heard telling Trump through a translator: “I think the entire world is watching this moment. Many people in the world will think of this as a scene from a fantasy...science fiction movie.” Asked by a reporter how the meeting was going, Trump said, “Very good. Very, very good. Good relationship.”

Kim also sounded positive about the prospects. “We overcame all kinds of scepticism and speculations about this summit and I believe that this is good for the peace,” he said. “I believe this is a good prelude for peace.”

Trump was joined by Secretary of State Mike Pompeo, National Security Adviser John Bolton, and John Kelly, White House Chief of Staff, for the expanded talks, while Kim's team included former military intelligence chief Kim Yong Chol, foreign minister Ri Yong Ho and Ri Su Yong, vice chairman of the ruling Workers’ Party.

Markets calm

Financial markets were largely steady in Asia and did not show any noticeable reaction to the start of the summit. The dollar was at a three-week high and the MSCI index of Asia-Pacific shares was largely unchanged from Monday.

While Trump and Kim search each others eyes and words for signs of trust or deceit, the rest of the world will be watching, hoping that somehow these two unpredictable leaders can find a way to defuse one of the planet’s most dangerous flashpoints.

Body language expert said both men tried to project command as they met, but also displayed signs of nerves.

After the meetings, the two teams and other senior officials met for a working lunch, where beef short ribs, sweet and sour pork and “Daegu Jormin”, or Korean braised cod, were served for the main course, according to the menu. That was to be followed by dark chocolate tarts, pastries and vanilla ice cream for dessert. The North Korean leader’s sister and close confidante Kim Yo Jong was among the lunch party.

As the cameras captured the moment, Trump quipped, “Very nice. Getting a good picture everyone, so we all look nice and handsome and thin...perfect.”

In the hours before the summit began, Trump expressed optimism about prospects for the first-ever meeting of sitting US and North Korean leaders, while Pompeo injected a note of caution whether Kim would prove to be sincere about his willingness to denuclearise.

Hope for success

One of the world's most reclusive leaders, Kim visited Singapore's waterfront on Monday, smiling and waving to onlookers, adding to a more affable image that has emerged since his April summit with South Korean leader Moon Jae-in.

Trump spoke to Moon and Japan's Prime Minister Shinzo Abe, both key allies of Washington in the region, to discuss developments ahead of the summit.

“I too, got little sleep last night,” Moon told his cabinet in Seoul as the summit began in Singapore. “I truly hope it will be a successful summit that will open a new age for the two Koreas and the United States and bring us complete denuclearisation and peace.”