Global shares fall as market eyes U.S.-China trade talks

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Global shares were mostly lower Monday as investors watched for developments in the trade conflict between the U.S. and China, with talks set to continue this week.

France's CAC 40 fell 0.3% in early trading to 5,593.75, while Germany's DAX lost nearly 0.2% to 12,397.48. Britain's FTSE 100 added nearly 0.6% to 7,591.17. U.S. shares were set to drift lower with Dow futures losing less than 0.1% to 27,136.00. S&P 500 futures also fell by less than 0.1% to 3,022.80.

The demonstrations began early last month in opposition to an extradition bill that has since been suspended, but the movement has become a broader push for full democracy. Negotiators are due to meet in Shanghai beginning Tuesday, resuming talks for the first time since they collapsed in May, but U.S. Treasury Secretary Steven Mnuchin and other officials have remained low key about prospects for a breakthrough.

Japan's benchmark Nikkei 225 edged 0.2% lower to finish at 21,616.80, while Australia's S&P/ASX 200 gained 0.5% to 6,825.80. South Korea's Kospi lost 1.8% to 2,029.48 and the Shanghai Composite dipped 0.1% to 2,941.01. India's Sensex dropped 0.5% to 37,696.63. Shares also fell in Taiwan and Southeast Asia.

 

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