Asian shares mostly rose Friday as worse-than-expected Chinese trade revived hopes for additional economic stimulus measures. The pound jumped as U.K. election results suggested the Conservative Party had won enough support to form a stable government.
KEEPING SCORE
Japan's Nikkei 225 rose 0.5 percent to 19,379.19 and Hong Kong's Hang Seng added 0.8 percent to 27,510.65. South Korea's Kospi shed 0.3 percent to 2,085.52 while the Shanghai Composite Index advanced 0.4 percent to 4,129.84. Australia's S&P/ASX 200 dropped 0.1 percent to 5,640.90 while shares in Southeast Asia were higher. India's Sensex gained 1.4 percent to 26,964.65 and New Zealand's market also gained.
UK ELECTION
The Conservative Party surged to a surprisingly commanding lead in Britain's parliamentary election, with early returns backing an exit poll's prediction that Prime Minister David Cameron would remain in his office at 10 Downing Street. With Cameron's Conservatives on the cusp of winning a majority in the 650-seat House of Commons, the pound was up 0.3 percent against the dollar and up 0.7 percent against the euro.
U.S. SETTLES
A day after Federal Reserve Chair Janet Yellen spooked investors by suggesting prices have veered too high, the Dow rose 82.08 points, or 0.5 percent, to 17,924.06. The S&P 500 rose 7.85 points, or 0.4 percent, to 2,088.00 and the Nasdaq composite index rose 25.90 points, or 0.5 percent, to 4,945.54.
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