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Global stocks lower amid uncertainty over U.S.-China trade

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Global stock markets mostly declined Friday amid uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war.

Tokyo rose after Beijing said Thursday the two sides agreed to the step if they make progress on an interim deal. But London and Frankfurt opened lower and Shanghai and Hong Kong declined on amid concern about possible opposition within the White House.

In early trading, London's FTSE 100 lost 0.3% to 7,382.73 and Germany's DAX retreated 0.3% to 13,248.24. France's CAC 40 shed 0.3% to 5,870.41. Seoul's Kospi sank 0.3% to 2,137.23 and Sydney's S&P-ASX 200 was off 2 points at 6,724.10. New Zealand gained while Taiwan and Singapore declined.

 

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