MANILA, Philippines — World shares were mixed on Friday, with Asian stocks mostly lower while Tokyo’s benchmark spiked more than 2% after Japanese officials said they had resolved questions over the tariff that will apply to exports to the U.S.
In early European trading, Germany’s DAX lost 0.3% to 24,131.01. The CAC 40 in Paris added 0.3% to 7,730.40, while Britain’s FTSE 100 edged less than 0.1% lower to 9,094.65.
The future for S&P 500 was up 0.3% while that for the Dow Jones Industrial Average gained 0.1% .
New U.S. tariffs on Japanese goods that took effect Thursday did not match an agreement between Washington and Tokyo on a 15% level, and Japan’s main trade envoy said the U.S. side had agreed to correct the problem.
The Nikkei 225 in Tokyo rose 2.2% but later trimmed some of its gains, adding 1.9% to 41,820.48. Toyota Motor Corp. jumped 3.5% and Honda Motor Co. was up 4%. Automakers are among the manufacturers with the most at stake regarding exports to the U.S.
Elsewhere in Asia, most markets slipped following declines on Wall Street.
Hong Kong’s Hang Seng declined 0.9% to 24,858.82, while the Shanghai Composite index shed 0.1% to 3,635.13.
South Korea’s Kospi fell 0.6% to 3,210,01. In Australia, the S&P/ASX 200 slipped 0.3% to 8,807.10.
Taiwan’s Taiex gained 0.1% and the Sensex in India was down 0.8%.
“We’re heading into a stretch where markets will punish certainty. The momentum winds are shapeshifters—what looks like a slam dunk on Monday can