HONG KONG (AP) — World shares advanced on Friday, tracking big Wall Street gains, while oil prices slipped after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war.The future for the S&P 500 was 0.2% lower while that for the Dow Jones Industrial Average was nearly unchanged.Investors in the U.S. and elsewhere were awaiting the debut Friday on Wall Street of SpaceX, Elon Musk’s rocket company, which is set to become the largest IPO on record, raising around $75 billion.In early European trading, Germany’s DAX picked up 1.3% to 24,524.21, while the CAC 40 in Paris rose 1.4% to 8,312.87. Britain’s FTSE 100 added 0.7% to 10,374.37. Asian markets logged bigger gains. South Korea’s Kospi jumped 4.5% to 8,112.58, narrowing losses from earlier this month from sell-offs of shares related to artificial intelligence. The Kospi has roughly doubled over the past six months, with a record closing high of 8.801.49 on June 2.
Samsung Electronics, South Korea’s most valuable company, advanced 7.9%. Computer chipmaker SK Hynix rose 2.3%.Tokyo’s Nikkei’s 225 gained 2.8% to 66,020.04, also led by gains for technology stocks. SoftBank Group, a multinational investment holding company with a strong AI focus, was up 2%. Chip equipment maker Tokyo Electron jumped 10.3%.
