A woman walks by an electronic stock board of a securities firm in Tokyo, Friday, June 29, 2018. Asian shares were mixed and trading in a narrow range Friday as investors weighed how trade tensions between the U.S. and other nations might escalate. (AP Photo/Koji Sasahara)

Asian shares mostly higher amid trade conflict uncertainty

TOKYO (AP) — Asian shares have been mostly higher Friday as traders weighed how trade tensions between the U.S. and different nations would possibly escalate.

KEEPING SCORE: Japan’s benchmark Nikkei 225 edged almost zero.2 p.c higher to complete at 22,304.51, whereas Australia’s S&P/ASX 200 fell zero.three p.c to six,194.60. South Korea’s Kospi superior zero.5 p.c to 2,326.13. Hong Kong’s Hang Seng added 1.5 p.c to 28,931.54, whereas the Shanghai Composite index rose 2.2 p.c to 2,847.42.

WALL STREET: The S&P 500 index added zero.6 p.c to 2,716.31. The Dow Jones Industrial Average rose zero.four p.c to 24,216.05 and the Nasdaq composite gained zero.eight p.c to 7,503.68. The Russell 2000 index of smaller-company shares picked up zero.three p.c to 1,645.02.

TRADE WORRIES: President Donald Trump’s risk of tariff hikes on as much as $450 billion of Chinese merchandise displays fears Beijing’s plans are a risk to American technological management and prosperity. That has triggered world worries about how the curbing of free trade would possibly damage economies and industrial sectors, however markets are nonetheless uncertain of what the affect could be.

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THE QUOTE: “Risk sentiment has firmed noticeably on the dearth of new headlines surrounding trade tensions,” says Chang Wei Liang at Mizuho Bank in Singapore.

ENERGY: Benchmark U.S. crude fell 15 cents to $73.30. It gained zero.9 p.c to $73.45 a barrel in New York in a single day. Brent crude, used to cost worldwide oils, fell 1 cent to $77.60 a barrel.

CURRENCIES: The greenback rose to 110.64 yen from 110.50 yen late Thursday. The euro climbed to $1.1638 from $1.1567.

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Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama

Her work may be discovered at https://www.apnews.com/search/yuri%20kageyama



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