MANILA, Philippines (AP) \u2014 World shares mostly rose on Friday, tracking Wall Street\u2019s record-setting run the previous day after a mixed set of U.S. data bolstered expectations that the Federal Reserve will cut interest rates to boost the economy.<\/p>\n
European shares were mixed in early trading after opening higher. Germany\u2019s DAX edged down 0.3% to 23,628.56. The CAC 40 in Paris fell 0.5% to 7,784.93. Britain\u2019s FTSE 100 added nearly 0.3% to 9,323.66.<\/p>\n
In U.S. futures trading, the S&P 500 slid 0.2% while that for the Dow Jones Industrial Average shed nearly 0.3%. <\/p>\n
Japan\u2019s Nikkei 225 closed 0.9% higher to 44,768.12, with Japanese stocks hitting fresh records. Shares in semiconductor company Tokyo Electron, Sony Group and Fast Retailing were among the movers.<\/p>\n
In Chinese markets, Hong Kong\u2019s Hang Seng index rose 1.2% to 26,388.16. Tech shares led gainers on AI optimism, while property stocks climbed as Beijing moves to help cover unpaid bills of local governments. The Shanghai Composite index slipped 0.1% to 3,870.60.<\/p>\n
In Seoul, the Kospi climbed 1.5% to 3,395.54 while Australia\u2019s S&P\/ASX 200 added 0.7% to 8,864.90. India\u2019s BSE Sensex rose 0.5% while Taiwan\u2019s Taiex was up 1%. <\/p>\n
\u201cWhat\u2019s moving markets now isn\u2019t just another rally \u2014 it\u2019s the unmistakable shift of a dovish Fed tide, the kind that doesn\u2019t rise in isolation but swells across oceans, lifting virtually every boat in every harbour,\u201d Stephen Inness of SPI Asset Management said in a market commentary. <\/p>\n
Wall Street\u2019s record-setting run kept rolling Thursday, and stocks climbed after a mixed set of U.S. data<\/a> kept the path clear for the Federal Reserve to cut interest rates<\/a> to boost the economy.<\/p>\n