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World shares are mixed as Trump suggests leeway for progress in trade talks with China
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....orld shares are mixed as Trump suggests leeway for progress in trade talks with China<BR>Customs & Trade<BR>Dated:- 13-10-2025<BR>PTI<BR>Bangkok, Oct 13 (AP) European shares advanced on Monday while Asian shares retreated following a rout on Friday on Wall Street. Oil prices gained more than USD 1 a barrel. On Monday, Beijing urged US President Donald Trump to withdraw a threat he made on Frid....
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....ay to crank tariffs on Chinese-made goods higher after China placed stricter restrictions on exports of rare earths, which are materials critical for manufacturing everything from consumer electronics to jet engines. The potential for more friction between the world's two biggest economies rattled markets, giving US shares their worst day since April. But over the weekend, Trump adopted a more c....
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....onciliatory stance, easing investors' jitters. While Trump did not withdraw his threat, he struck a more moderate tone, saying in a Truth Social post Sunday, “The USA. wants to help China, not hurt it!!!” Germany's DAX gained 0.5 per cent to 24,367.45, while the CAC 40 in Paris also rose 0.5 per cent, to 7,957.52. Britain's FTSE 100 edged up less than 0.1 per cent to 9,431.44. The future....
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.... for the S&P 500 jumped 1.4 per cent while that for the Dow Jones Industrial Average gained 1 per cent. “Markets woke up Monday to the smell of détente — that familiar scent of risk-on optimism that only comes after a weekend of mutual sabre-rattling followed by a wink and a handshake from Washington,” Stephen Innes of SPI Asset Management said in a commentary. “But let's be clear: th....
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....is isn't détente, it's negotiation theatre,” he said. Asian shares initially tumbled but regained some of their early losses. China reported its global exports rose 8.3 per cent in September from a year earlier, the strongest growth in six months and further evidence that its manufacturers are shifting sales from the US to other markets. However, exports to the US tumbled 27 per cent year....
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....-on-year last month, customs data showed. That was a slight improvement from a 33 per cent drop in August, but it was the sixth straight month of double-digit declines. In Hong Kong, the Hang Seng sank 1.5 per cent to 25,889.48, while the Shanghai Composite index edged 0.2 per cent lower to 3,889.50. South Korea's Kospi gave up 0.7 per cent to 3,584.55 and Australia's S&P/ASX 200 declined 0.8 ....
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....per cent to 8,882.80. Taiwan's Taiex shed 1.4 per cent, and India's Sensex was down 0.2 per cent. Markets in Tokyo were closed for a holiday. On Friday, the S&P 500 sank 2.7 per cent and the Dow industrials dropped 1.9 per cent. The Nasdaq composite lost 3.6 per cent. Roughly six out of every seven stocks within the S&P 500 fell. Nearly everything weakened, from Big Tech companies like Nvi....
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....dia and Apple to stocks of smaller companies looking to get past uncertainty about tariffs and trade. The market may have been primed for a slide. US stocks were already facing criticism that their prices had shot too high following the S&P 500's nearly relentless 35 per cent run from a low in April. The index, which dictates the movements for many 401(k) accounts, is still near its all-time hig....
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....h set earlier in the week. Some of Friday's strongest action was in the oil market, where the price of a barrel of benchmark US crude sank 4.2 per cent to USD 58.90. Brent crude, the international standard, dropped 3.8 per cent to USD 62.73 per barrel. A ceasefire between Israel and Hamas came into effect in Gaza. An end to the war could remove worries about disruptions to oil supplies, which ....
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....had kept crude's price higher than it otherwise would have been. Losses accelerated following Trump's tariff threat, which could gum up global trade and lead the economy to burn less fuel. However, early Monday, Brent crude advanced USD 1.14 to USD 63.87 per barrel. US benchmark crude gained USD 1.18 to USD 60.08 per barrel. In other dealings early Monday, the dollar rose to 152.20 Japanese ....
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....yen from 151.89 yen late Friday. The euro fell to USD 1.1589 from USD 1.1614. (AP) SKS SKS<BR> News - Press release - PIB....