TOKYO (AP) — Global shares were mostly higher Wednesday, cheered by a rise on Wall Street amid some signs of easing tensions between the U.S. and China on trade issues.
France’s CAC 40 added 0.4% to 5,615.22 in early trading, while Germany’s DAX gained nearly 0.7% to 12,351.87. Britain’s FTSE 100 was at 7,312.06, up 0.6%. U.S. shares were set to drift higher with Dow futures rising 0.2% to 26,956. S&P 500 futures were up nearly 0.2% at 2,983.60.
Japan’s benchmark Nikkei 225 rose nearly 1.0% to finish at 21,597.76. Australia’s S&P/ASX 200 rose 0.4% to 6,638.00. South Korea’s Kospi added 0.8% to 2,049.20. Hong Kong’s Hang Seng gained 1.7% to 27,130.04, while the Shanghai Composite slid 0.4% to 3,008.81.
On Wall Street, investors continued to flock to smaller-company stocks they see as being better shielded from the fallout of the costly trade war between the U.S. and China than large multinationals.
The S&P 500 index inched up 0.96 points, or less than 0.1%, to 2,979.39. The Dow Jones Industrial Average rose 73.92 points, or 0.3%, to 26,909.43. The average was briefly down 118 points. The Nasdaq, which is heavily weighted with technology stocks, slid 3.28 points, or less than 0.1%, to 8,084.16. The Russell 2000 index of smaller-company stocks led the gainers, adding 18.76 points, or 1.2%, to 1,542.99.
The U.S. market has been gaining ground for two weeks as investors remain confident in the strength of the economy, despite the lingering trade war between the U.S. and China.
The feud between the world’s two largest economies has been injecting doses of volatility into the market as both sides escalate and then pull back. Recent plans for trade talks to resume in October raised some hope on Wall Street for a resolution.
“The U.S.-China tug of