Global Stocks Tick Higher as Trade Focus Shifts to South Korea

Global stocks edged up Tuesday as investors parsed the most recent wave of tariffs between Washington and Beijing and after the U.S. signed a revised free-trade deal with South Korea. The index’s oil-and-gas sector gained 1%, building on Monday’s rise after Brent crude oil prices hit a four-year high Monday. Hong Kong and South Korean stocks weren’t trading due to public holidays, but Japanese and Chinese traders returned from their own breaks, with Japan’s Nikkei benchmark up 0.3% and China’s Shanghai Composite Index slipping 0.5%.

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