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NEW YORK (Reuters) – US stocks opened higher on Thursday after US President Donald Trump sought to ease trade tensions with China, easing investors' fears after escalating conflicts between the two biggest investors. global economies last week.
During the trading session, the Dow Jones Industrial Average advanced 197.15 points, or 0.77%, to 25,826.05. The Standard & Poor's 500 index rose 19.59 points, or 0.69%, to 2,866.70. The Nasdaq Composite Index gained 77.81 points, or 1%, to 7,829.58.
Meanwhile, European stocks rose yesterday, overseeing trade developments between the United States and China. Auto stocks led gains, rising 1%, while the health sector was the biggest loser at 0.4%.
The European Stoxx 600 is established at 371 points. The German DAX gained 0.4% and the French CAC 0.4%.
In Asia, Japanese stocks lost more than 2% yesterday, and China-related stocks dominated the downward trend following the escalating trade that caused yesterday's global stock price to plummet.
The Nikkei <.N225> fell 2.6% in 20173.76, its lowest level since August 6, before declining slightly to close at 20,261.04, down 2.2%. The broad TOPIX index fell 1.6% to 1,478.03 points.
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