Global stocks rise on renewed trade hopes, set for best week since January

LONDON: Global stocks rose on Friday after a report that U.S.-China trade talks were making progress and a vote by UK lawmakers to delay the British exit from the European Union.

South Korea's KOSPI rose nearly 1 percent. The index had risen as much as 1.2 percent but gave up some gains following reports that North Korea might suspend nuclear talks with the United States. China has so far promised billions in tax cuts and infrastructure spending, as weakening domestic demand and the trade war with the United States curbs economic growth.

"We view the overall outcome of this week’s votes ... as positive for UK assets," strategists at BNP Paribas wrote in a research note."Indeed, the pound has risen by 2 percent on the week. Yet, while most of the routes ahead now look net positive, we still expect a bumpy path."

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