Global shares mostly rise, cheered by Wall St rally
Uncertainty is still in the air over US-China tariff issues as bilateral talks continue
Global shares mostly rise, cheered by Wall St rally
Tokyo: Global shares mostly rose echoing record rallies on Wall Street after the latest update on the job market bolstered hopes the US Federal Reserve will cut interest rates.
France’s CAC 40 rose 0.8 per cent in early trading to 7,809.80. Germany’s DAX edged up 0.6 per cent to 23,856.74. Britain’s FTSE 100 rose 0.2 per cent to 9,263.14.
US shares were set to be mixed, with Dow futures down 0.1 per cent at 45,700.00, while S&P 500 futures gained 0.3 per cent at 6,537.75. Japan’s benchmark Nikkei 225 gained 0.9 per cent to finish at 43,837.67.
Australia’s S&P/ASX 200 added 0.3 per cent to 8,830.40. South Korea’s Kospi jumped 1.7 per cent to 3,314.53. Hong Kong’s Hang Seng rose 1.0 per cent to 26,200.26, while the Shanghai Composite edged up 0.1 per cent to 3,812.22.
Uncertainty is still in the air over US-China tariff issues as bilateral talks continue. US President Donald Trump has raised taxes on imports from China, triggering a tit-for-tat tariff war. The US is currently charging an additional 30 per cent tariff on Chinese goods, and China is charging a 10 per cent tariff under a de-escalation deal reached in May.
