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Global shares mixed amid cautious relief over US-China agreement

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....lobal shares mixed amid cautious relief over US-China agreement<BR>PTI News<BR>Dated:- 14-5-2025<BR>PTI<BR>Tokyo, May 14 (AP) Global shares were mostly higher Wednesday as a cautious sense of relief spread through regional markets after the US and China agreed to a 90-day pause in their trade war. France's CAC 40 slipped 0.5% in early trading to 7,835.89, while Germany's DAX inched down 0.1% to ....

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....23,593.92. Britain's FTSE 100 edged 0.1% lower to 8,596.66. The future for the Dow futures was up 0.1%, while that for the S&P 500 rose less than 0.1%. In Asian trading, Chinese markets rallied on expectations of another rush in export orders during the 90-day grace period for China-US tariffs. Hong Kong's Hang Seng jumped 2.3% to 23,640.65, while the Shanghai Composite gained 0.9% to 3,403.....

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....95. Chinese tech companies made big gains, with games and entertainment giant Tencent Holdings up 3%, search engine company Baidu up 4% and e-commerce giant Alibaba Group Holdings advancing 3.4%. Japan's benchmark Nikkei 225 lost 0.1% to finish at 38,128.13. Australia's S&P/ASX 200 rose 0.1% to 8,279.60. South Korea's Kospi surged 1.2% to 2,640.57. The relief over the trade truce between t....

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....he US and China is tepid among global businesses and investors given uncertainty over how long it might last and where tariffs might go in the months ahead. A report overnight that showed US inflation unexpectedly slowed last month helped drive buying on Wall Street, where the S&P 500 climbed 0.7%. The Dow Jones Industrial Average fell 0.6% and the Nasdaq composite rose 1.6%. The hope is that ....

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....President Donald Trump will ease his stiff tariffs on trading partners worldwide before they create a recession and send inflation spiking higher. In energy trading early Wednesday, benchmark US crude fell 33 cents to $63.34 a barrel. Brent crude, the international standard, declined 34 cents to $66.29 a barrel. In currency trading, the US dollar edged down to 146.40 Japanese yen from 147.21 y....

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....en. The euro cost $1.1251, up from $1.1188. (AP) SCY SCY<BR> News - Press release - PIB....