World Shares Mostly Higher on Tariffs  07/09 04:46

   World shares mostly climbed on Wednesday, following a choppy trading day on 
Wall Street as the Trump administration seeks to win more favorable trade deals 
with nations around the globe.

   (AP) -- World shares mostly climbed on Wednesday, following a choppy trading 
day on Wall Street as the Trump administration seeks to win more favorable 
trade deals with nations around the globe.

   In early trading, major indexes in Europe were all higher. Germany's DAX 
added 0.7% to 24,373.05. Britain's FTSE 100 edged 0.1% higher to 8,861.90. 
France's CAC 40 rose 0.8% to 7,829.04.

   The futures for the S&P 500 and the Dow Jones Industrial Average were both 
0.1% higher.

   In Asia, Japan's Nikkei 225 closed 0.3% higher to 39,821.28, while South 
Korea's Kospi added 0.6% to 3,133.74 as Tokyo and Seoul work on a trade deal 
with the U.S. before higher tariffs announced by Washington take effect on Aug. 
1.

   "Sectoral carve-outs remain the thorniest terrain," Stephen Innes of SPI 
Asset Management wrote in a commentary, adding that Korea and Japan are likely 
seeking relief for their car and steel exports. "But Washington is unlikely to 
bend," he warned.

   Meanwhile, Chinese markets were lower. Hong Kong's Hang Seng index fell 1.1% 
to 23,892.32, while the Shanghai Composite index edged down 0.1% to 3,493.05.

   Lynn Song, ING's chief economist for greater China, said in a commentary 
that deflationary pressures remain despite China's June consumer price index 
inflation returning to positive territory for the first time since January, 
beating market expectations. Inflation rose to 0.1% year on year from -0% year 
on year in May, according to data released on Wednesday.

   Australia's S&P/ASX 200 slipped 0.6% to 8,538.60. India's BSE Sensex edged 
0.1% higher to 83,722.05.

   Mizuho Bank said the tariff deadlines distract from "far more consequential, 
and expedient, sectoral tariffs, which arguably reverberate across global 
industrial eco-systems" and that the U.S. aims to isolate China from trade 
partners, supply chains and markets.

   "The real danger is underestimating the fallout when (rather than if) China 
hits back" against the U.S. and countries it perceives as aligned with the 
U.S., the bank wrote.

   On Wall Street on Tuesday, the S&P 500 slipped 0.1% a day after posting its 
biggest loss since mid-June. The benchmark index remains near its all-time high 
set last week.

   The Dow Jones Industrial Average gave back 0.4%. The Nasdaq composite eked 
out a gain of less than 0.1%, staying near its own record high.

   The sluggish trading came as the market was coming off a broad sell-off 
following the Trump administration's decision to impose new import tariffs on 
more than a dozen nations, which are set to go into effect next month.

   In other dealings on Wednesday, benchmark U.S. crude gained 51 cents to 
$68.84 per barrel, while Brent crude, the international standard, addwd 49 
cents to $70.64 per barrel.

   The dollar was trading at 146.62 Japanese yen, up from 146.54 yen. The euro 
edged lower to $1.1716 from $1.1729.