Stocks turn higher as details on metals tariffs emerge

 Asian shares were mostly higher Friday on relief that President Donald Trump's tariffs on U.S. steel and aluminum imports may not be as harsh as earlier feared. News Trump and North Korea's leader will meet also lifted sentiment.

KEEPING SCORE: Japan's benchmark Nikkei 225 gained 0.9 percent to 21,554.67. Australia's S&P/ASX 200 added 0.4 percent to 5,965.30. South Korea's Kospi jumped 1.6 percent to 2,470.80. Hong Kong's Hang Seng rose 1.0 percent to 30,947.02, while the Shanghai Composite index inched down nearly 0.1 percent to 3,285.98.

TARIFFS IMPACT: Wall Street rallied following reports that Canada and Mexico will be exempted indefinitely from the tariffs and that other countries will be invited to negotiate for exemptions as well. Although the tariffs are likely to hurt some Asian nations, the impact may be not that damaging to countries like Japan that export more to other Asian countries such as China.


Source :- abcnews

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