BANGKOK (AP) \u2014 World shares were mixed on Monday, the day before U.S. President Donald Trump\u2019s deadline for imposing higher tariffs on goods imported from China. <\/p>\n
Oil prices extended declines that began last week on expectations for a possible breakthrough in the Ukraine conflict from Trump\u2019s planned meeting with Russian President Vladimir Putin<\/a> on Friday in Alaska. Increases in output by the OPEC plus countries have also pulled prices lower on expectations of higher supplies. <\/p>\n In early European trading, Germany\u2019s DAX edged 0.1% lower to 24,127.50, while the CAC 40 in Paris shed 0.2% to 7,728.58. Britain\u2019s FTSE 100 gained 0.2% to 9,114.27.<\/p>\n The future for the S&P 500 was up 0.1% while that for the Dow Jones Industrial Average gained 0.2%. <\/p>\n The Hang Seng in Hong Kong edged 0.2% higher to 24,906.81, while the Shanghai Composite index gained 0.3% to 3,647.55.<\/p>\n Triple digit tariffs threatened by Trump and by Beijing were paused for 90 days in May to allow time for trade talks. <\/p>\n Tuesday is the deadline for extending that truce. The last round of negotiations, held last month in Stockholm, ended without a clear word from Trump on whether the deadline would be extended for another 90 days. <\/p>\n Taiwan\u2019s Taiex gained 0.5%, helped by a 0.4% climb for TSMC, the world\u2019s largest contract manufacturer of computer chips. Analysts said the company\u2019s shares are seen as a proxy for big U.S. semiconductor makers like Nvidia and Advanced Micro Devices. <\/p>\n Unconfirmed reports said those companies had agreed to pay the U.S. government a 15% share of their revenues from sales to China of their chips used for artificial intelligence. The Trump administration recently relaxed restrictions on sales of some chips to China. In pre-market trading early Monday, Nvidia\u2019s shares were down 0.6% while AMD\u2019s lost 1.7%.<\/p>\n Elsewhere in Asia, Australia\u2019s S&P\/ASX 200 rose 0.3% to 8,844.80, while the Kospi in South Korea slipped 0.1% to 3,206.77.<\/p>\n Markets in Japan and Thailand were closed for holidays. <\/p>\n On Friday, the S&P 500 rose 0.8% and the Dow industrials gained 0.5%. The Nasdaq composite added 1% to the record it set a day earlier. <\/p>\n Technology companies, with their hefty stock values, did much of the heavy lifting for the market. Nvidia rose 1.1% and Apple gained 4.2%.<\/p>\n Gilead Sciences jumped 8.3% for one of the market\u2019s biggest gains after reporting financial results that easily beat analysts\u2019 forecasts, while also raising its earnings forecast for the year. Expedia Group rose 4.1% after also reporting encouraging financial results.<\/p>\n They are among the final big batch of companies within the S&P 500 to report mostly strong financial results for the second quarter. Still, many have warned that current tariffs could cut into their profits.<\/p>\n Elsewhere in the market, entertainment giant Paramount Skydance slid 10.5% a day after the company was created by the closing of an $8 billion merger<\/a> of Skydance and Paramount. Shares in rival Warner Bros. Discovery sank 8%.<\/p>\n Investors will get more insight this week on U.S. inflation at both the consumer and wholesale levels and on retail sales.<\/p>\n