Share

Asia shares up in muted trading after Trump's visit to Japan

Share

TOKYO (AP) — World stock markets were subdued on Tuesday as investors in New York and London returned from a long weekend and kept an eye on the U.S.-China trade war.

France’s CAC 40 lost 0.5% to 5,312, while Germany’s DAX slipped 0.3% to 12,032. Britain’s FTSE 100 inched up less than 0.1% to 7,280.

Japan’s benchmark Nikkei 225 added 0.4% to finish at 21,260.14, while Australia’s S&P/ASX 200 gained 0.5% to 6,484.80. South Korea’s Kospi edged up 0.2% to 2,048.83. Hong Kong’s Hang Seng added 0.4% to 27,390.81, while the Shanghai Composite rose 0.6% to 27,390.81.

On Wall Street, which had been closed Monday for the Memorial Day holiday, futures for the Dow were up 0.1% while those for the S&P 500 were up 0.2%.

During a state visit to Japan, President Donald Trump pointed to the United States’ continuing “unbelievably large” trade imbalance with Japan, but also said a trade deal was coming this year. The U.S. seems to want to limit its trade tensions with some countries as it focuses on a battle with China that ranges from tariffs to technological supremacy.

Trending:
Lib Host Jon Stewart Overvalued His Home By 829% After Saying Trump Civil Case Is 'Not Victimless'

The U.S. and Chinese leaders are expected to meet in late June in what could be the next pivotal moment for the trade war and its impact on the economy and markets.

In Europe, investors were still digesting the results of the vote for the European Union’s parliament. Pro-EU forces retained a majority despite the rise of nationalist parties. That eases fears that nationalist parties might halt the bloc’s integration, though anti-EU sentiment could yet create tensions.

ENERGY: Benchmark U.S. crude rose 41 cents to $59.04 a barrel. Brent crude, the international standard, added 2 cents to $68.79 per barrel.

CURRENCIES: The dollar weakened to 109.43 yen from 109.53 yen Monday. The euro slipped to $1.1192 from $1.1193.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →



We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
Share
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




Conversation