Asian shares rose Friday as worries receded the United States and Iran might be stepping closer to the edge of war, and U.S. indexes hit records.<\/p>\n
Japan\u2019s benchmark Nikkei 225
Among individual stocks, convenience-store chain FamilyMart
On Wall Street, money flowed into riskier investments, such as technology stocks, and trickled out of traditional hiding spots for investors when they\u2019re nervous, such as gold. A measure of fear in the stock market had its largest drop in a week. <\/p>\n Stocks have been rallying after investors took comments from President Donald Trump and Iranian officials to mean no military escalation is imminent in their tense conflict. Markets had tumbled on the threat of war after the United States killed a top Iranian general in a drone strike. <\/p>\n The S&P 500
Diminishing worries about a U.S.-Iran war put more of the market\u2019s focus on the economy, corporate profits and other inputs that directly affect stock prices. <\/p>\n \u201cThe market is in pretty solid shape,\u201d said Matt Hanna, portfolio manager at Summit Global Investments. \u201cWe could see some volatility in the beginning of 2020\u201d following a well-worn path of choppy first halves for stocks during presidential election years, \u201cbut we don\u2019t see any sort of recession on the horizon.\u201d<\/p>\n Across markets, worries about a recession have faded since last year as central banks cut interest rates and pumped stimulus into the global economy. The United States and China also moved toward an interim deal in their trade war. China confirmed on Thursday that its chief envoy in tariff talks with Washington will visit next week to sign their \u201cPhase 1\u201d trade deal. <\/p>\n \u201cRisk appetite continues to improve as investors judged the U.S.-Iran tensions to not be as concerning as thought while focusing on the upcoming leads including U.S.-China trade and a potential payrolls surprise into the end of week,\u201d said Jingyi Pan, market strategist at IG in Singapore. <\/p>\n The spotlight will move next to Friday\u2019s labor report, and economists expect it to show employers added 160,000 jobs last month. They also forecast the unemployment rate to hold at its low level of 3.5%. The numbers are key because a strong job market has been propping up the economy and allowing U.S. households to continue to spend, even as manufacturing weakens due to tariffs and trade wars. <\/p>\n Benchmark U.S. crude
The dollar
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\n NIK, +0.23%<\/span><\/a><\/span>
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\n \u00a0 edged up 0.2% in morning trading while Hong Kong\u2019s Hang Seng Index
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\n HSI, +0.06%<\/span><\/a><\/span>
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\n \u00a0 was up 0.1%. The Shanghai Composite
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\n SHCOMP, -0.26%<\/span><\/a><\/span>
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\n \u00a0 slipped 0.3% and the smaller-cap Shenzhen Composite
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\n 399106, -0.22%<\/span><\/a><\/span>
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\n \u00a0 inched down 0.2%. South Korea\u2019s Kospi
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\n 180721, +0.40%<\/span><\/a><\/span>
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\n \u00a0 gained 0.5%, and benchmark indexes in Taiwan
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\n Y9999, +0.33%<\/span><\/a><\/span>
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\n \u00a0, Singapore
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\n STI, +0.14%<\/span><\/a><\/span>
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\n \u00a0, Malaysia
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\n FBMKLCI, -0.27%<\/span><\/a><\/span>
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\n \u00a0 and Indonesia
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\n JAKIDX, +0.02%<\/span><\/a><\/span>
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\n \u00a0 rose. Australia\u2019s S&P\/ASX 200
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\n XJO, +0.77%<\/span><\/a><\/span>
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\n \u00a0 advanced 0.7%.<\/p>\n
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\n 8028, +2.19%<\/span><\/a><\/span>
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\n \u00a0 rose in Tokyo trading ahead of its quarterly earnings report Friday. Robotics maker Fanuc
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\n 6954, +2.35%<\/span><\/a><\/span>
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\n \u00a0 and Fujifilm
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\n 4901, +1.87%<\/span><\/a><\/span>
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\n \u00a0 also gained, while Fast Retailing
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\n 9983, -3.12%<\/span><\/a><\/span>
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\n \u00a0 fell after cutting its outlook <\/a>due to slower sales at its Uniqlo stores. Tencent
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\n 700, +1.79%<\/span><\/a><\/span>
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\n \u00a0 and Sunny Optical
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\n 2382, +1.42%<\/span><\/a><\/span>
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\n \u00a0 gained in Hong Kong while PetroChina
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\n 857, -2.93%<\/span><\/a><\/span>
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\n \u00a0 and CNOOC
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\n 883, -1.75%<\/span><\/a><\/span>
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\n \u00a0 fell as oil prices inched back down. Hyundai Motor
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\n 005380, +1.79%<\/span><\/a><\/span>
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\n \u00a0 advanced in South Korea, and Apple
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\n AAPL, +2.12%<\/span><\/a><\/span>
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\n \u00a0 component maker Largan Precision
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\n 3008, +4.01%<\/span><\/a><\/span>
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\n \u00a0 surged in Taiwan. In Australia, Oil Search Ltd.
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\n OSH, +1.80%<\/span><\/a><\/span>
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\n \u00a0 and Commonwealth Bank
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\n CBA, +1.15%<\/span><\/a><\/span>
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\n \u00a0 rose.<\/p>\n
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\n SPX, +0.67%<\/span><\/a><\/span>
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\n \u00a0 rose 21.65 points, or 0.7%, to 3,274.70 and surpassed its record set last week. The Dow Jones Industrial Average
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\n DJIA, +0.74%<\/span><\/a><\/span>
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\n \u00a0 climbed 211.81 points, or 0.7%, to 28,956.90, and the Nasdaq composite
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\n COMP, +0.81%<\/span><\/a><\/span>
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\n \u00a0 rose 74.18, or 0.8%, to 9,203.43. Both also hit records.<\/p>\n
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\n CLG20, -0.34%<\/span><\/a><\/span>
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\n \u00a0 fell 13 cents to $59.43 a barrel. It slipped 5 cents to $59.56 a barrel on Thursday. Brent crude
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\n BRNH20, -0.31%<\/span><\/a><\/span>
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\n \u00a0, the international standard, fell 15 cents to $65.22 a barrel. <\/p>\n
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\n USDJPY, +0.02%<\/span><\/a><\/span>
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\n \u00a0 rose to 109.53 Japanese yen from 109.36 yen on Thursday. <\/p>\n<\/p><\/div>\n
<\/p>\n