Global shares lower … Shanghai STAR tech board shares surge … L.L. Bean to open first Canada store
TOKYO (AP) – Global shares were mostly lower today, tracking losses on Wall Street. In early trading, France’s CAC 40 edged 0.2% higher. Germany’s DAX also gained 0.2%. Britain’s FTSE 100 gained 0.5%. In Asia, Japan’s Nikkei finished down 0.2%. Australia’s S&P/ASX 200 fell 0.1% and South Korea’s Kospi edged less than 0.1% lower. Hong Kong’s Hang Seng dipped 1.4% while the Shanghai Composite index shed 1.3%. U.S. shares are set to open higher with Dow futures up 0.2% and S&P 500 futures up 0.3%.
TOKYO (AP) – A newly launched technology stocks market in Shanghai has soared with its trading debut. Prices of many of the 25 tech companies listed on the Shanghai Stock Exchange’s STAR Market more than doubled today, with one company, Anji Microelectronics Technology (Shanghai) Co., Ltd., logging a 400% advance. The market, modeled on the U.S.-based NASDAQ, reflects the ruling Communist Party’s desire to channel private capital into its development plans. It gives small Chinese investors a chance to buy into tech industries that until now have turned to Wall Street to sell shares.
SEOUL, South Korea (AP) – South Korean police say they’ve detained six people suspected of illegally entering a Japanese diplomatic facility in South Korea. Today’s arrests come amid growing anti-Japanese sentiments in South Korea as the two countries are locked in trade and political disputes. Police say they’re trying to find why the six people entered the consulate in the southeastern city of Busan.
FREEPORT, Maine (AP) – L.L. Bean is opening its first store in Canada. The Maine-based retailer says the 13,000-square-foot (1,210-sq. meter) store will open Aug. 23 in Oakville Place, just outside of Toronto. The retailer announced last year that it would be looking to open stores in Canada over the next decade. It also launched a Canadian-specific website last month. The company sees international sales as an important part of its growth.
LOS ANGELES (AP) – The Walt Disney Co. has regained its control of the box office with the record-breaking debut of “The Lion King” this weekend. The studio says Sunday that the photorealistic remake gobbled up an estimated $185 million from 4,725 North American locations. “Avengers: Endgame” also crept past “Avatar” to become the highest grossing film of all time.