SEOUL, South Korea (AP) – Global shares are mostly higher, rebounding from jitters over the U.S.-China trade disputes for a second straight day.
KEEPING SCORE: Britain’s FTSE 100 advanced 0.6 percent to 7,693.11 and France’s CAC 40 rose 0.4 percent to 5,429.49. Germany’s DAX gained 0.4 percent to 12,540.36. Futures augured a lukewarm start on Wall Street with S&P futures down 0.1 percent and Dow futures almost unchanged.
ASIA’S DAY: Asian markets finished mostly higher led by Japan, where the Nikkei 225 jumped 1.9 percent to 22,597.35, helped by a weakening in the yen against the U.S. dollar in a boon to blue chip manufacturers. South Korea’s Kospi advanced 1.1 percent to 2,310.90 and Hong Kong’s Hang Seng index added 0.2 percent to 28,525.44. But the Shanghai Composite Index fell 0.2 percent to 2,831.18. Australia’s S&P-ASX 200 was flat at 6,268.40. Stocks in Singapore, Taiwan and other Southeast Asian markets finished higher.
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, July 13, 2018. Asian stock markets were mostly higher on Friday rebounding from jitters over the U.S.-China trade disputes for a second straight day. (AP Photo/Ahn Young-joon)
CHINA TRADE DATA: China’s June trade grew by double digits amid mounting tension with Washington but Beijing warned its exporters face “rising instabilities and uncertainties.” Exports rose 11.3 percent over a year earlier to $216.7 billion, down from May’s 12.6 percent growth, customs data showed Friday. Imports expanded by 14.1 percent to $175.1 billion, down from the previous month’s 26 percent.
US-CHINA TRADE: China has yet to give details on