Stocks continue to rise on hopes for trade war cease-fire

A man rides a bicycle past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in the rain in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease. (AP Photo/Eugene Hoshiko)
A man stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease.(AP Photo/Eugene Hoshiko)
A man walks past an electronic stock board showing Japan's Nikkei 225 index and other contorted indexs at a securities firm in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease. (AP Photo/Eugene Hoshiko)
A man looks atan electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease.(AP Photo/Eugene Hoshiko)
A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Sept. 14, 2018. Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease. (AP Photo/Eugene Hoshiko)

TOKYO — Global stock markets rose further on Friday on hopes that the United States and China will call time-out in their escalating trade feud.

KEEPING SCORE: France's CAC 40 was up 0.3 percent at 5,344, while Germany' DAX rose 0.3 percent to 12,089. Britain's FTSE 100 also gained 0.3 percent, to 7,304. U.S. shares were also set to move higher, with Dow and S&P 500 futures both up 0.2 percent.

ASIA'S DAY: Japan's benchmark Nikkei 225 gained 1.2 percent to finish at 23,094.67. Australia's S&P/ASX 200 was up 0.6 percent at 6,165.30. South Korea's Kospi added 1.4 percent to 2,318.25. Hong Kong's Hang Seng rose 1.0 percent to 27,286.41, while the Shanghai Composite index lost 0.2 percent to 2,681.64.

TRADE FACTOR: China said Thursday that the U.S. government has invited it for talks on their escalating tariff dispute, ahead of a decision by President Donald Trump on whether to raise duties on $200 billion of Chinese imports. The move raised hopes for dialogue in the dispute, which risks having a big the impact on the Asian economy.

ENERGY: Benchmark U.S. crude added 33 cents to $68.92 a barrel. It slid 2.5 percent to $68.59 a barrel in New York on Thursday. Brent crude, used to price international oils, rose 18 cents to $78.36 a barrel in London.

CURRENCIES: The dollar rose to 111.83 yen from 111.45 yen. The euro rose to $1.1702 from $1.1642.

___

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

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

Must Read

China ratifies Paris climate deal ahead of G-20...

Sep 3, 2016

China announced on Saturday that it would formally enter the emissions-cutting agreement reached...

Bumpy beginning for Obama in China, starting on...

Sep 4, 2016

If President Barack Obama was hoping for a graceful start to his final trip to Asia as commander in...

US tycoon's China scholarship project opens doors...

Sep 10, 2016

A new scholarship program intended to rival the prestigious Rhodes Scholarships and build...

Taiwan loses diplomatic ally in move welcomed by...

Dec 21, 2016

Taiwan has condemned the African island nation of Sao Tome and Principe's "abrupt" move to break...

Asian stocks rise after Wall Street gains

Dec 21, 2016

Asian stocks are higher after U.S. stocks rose to record levels despite attacks in Germany and...