Stock markets around the world are higher as financial leaders meet in Shanghai
As the Group of 20 (G-20) leaders began their meetings in Shanghai, Asian stocks enjoyed modest gains. China was able to recover slightly following
Thursday's beatdown, with the Shanghai Composite closing 1% higher. Hong Kong's Hang Seng followed suit with a 2.5% advance, led by energy stocks. Japan's Nikkei was able to close higher, adding 0.3%, though electronics giant Sharp continued to sell off amid its M&A uncertainty with Foxconn. South Korea's Kospi, meanwhile, ended with a 0.1% lead.
Things are even sunnier in Europe, where stocks are surging at midday. Rising crude oil prices have lifted sentiment, as traders await any news out of the G-20 Summit. Royal Bank of Scotland (RBS), however, is sliding after reporting yet another annual loss. At last glance, France's CAC 40 was leading the charge higher with a 1.5% lead, and Germany's DAX was close behind, gaining 1.4%. Rounding things out is London's FTSE 100, up 1.1%.
Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical levels, and top economic stories straight to your inbox.