· European bourses were lower Friday as investors worried about world trade ahead of this weekend's G-7 meeting in Canada.
The pan-European Stoxx 600 was 0.6 percent off with almost every sector in the red. Financial services, autos, chemicals and basic resources were all down by more than 1 percent in early trade.
· Asian shares retreated from a 2-1/2 month high on Friday as investors turned away from emerging markets due to uncertainties over global trade relations, and expectations of more U.S. rate hikes and a wind down of a massive monetary stimulus in Europe.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1.1 percent after six straight sessions of gains took it to the highest since mid-March. It was still on track for a weekly gain of more than 1percent.
· Japan’s Nikkei share average snapped a four-day winning streak on Friday as investors stayed on the sidelines ahead of major economic events, while large-cap stocks such as SoftBank and Fanuc weighed on the index.
The Nikkei .N225 ended 0.6 percent lower at 22,694.50, just above the settlement price of June Nikkei futures JNIc1 and options <0#JNI*.OS> contracts at 22,825.20, announced after market close.
· Shanghai stocks slid on Friday and posted their third straight weekly fall on concerns the listings of big-cap “unicorns” could drain liquidity from the market, and amid uncertainty over trade relations.
The blue-chip CSI300 index fell 1.3 percent, to 3,779.62 points, while the Shanghai Composite Index was lower by 1.4 percent at 3,067.15 points.
Referenece: Reuters, CNBC
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