World shares mixed ahead of Trump-Xi meet at G-20 summit

BANGKOK (AP) — Global shares were mixed on Monday as investors watched for movement in the China-U.S. trade dispute ahead of a meeting between Presidents Donald Trump and Xi Jinping planned for this week in Osaka, Japan, at the Group of 20 summit.

Oil prices rose as uncertainties over U.S. tensions with Iran mounted, with Secretary of State Mike Pompeo saying he wants to build a global coalition against Tehran. That followed a week when Washington pulled back from the brink of a military strike on Iran.

Germany's DAX slipped 0.6% to 12,263 after a closely-watched survey showed that German business confidence has fallen to a near five-year low. The CAC 40 in France lost almost 0.2% to 5,516 and London's FTSE fell 0.1% to 7,403.

Wall Street looked poised to edge up, however, with the future contract for the Dow Jones Industrial Average picking up 0.2% to 26,739. That for the S&P 500 also gained 0.2%, to 2,955.

In Asia, the biggest uncertainty looming over the market was the U.S. trade war with China. Stocks mostly have rallied since Trump said he planned to meet with Xi, though Wall Street finished a milestone-setting week on a downbeat note on Friday as a late flurry of selling nudged stocks lower and snapped a four-day winning streak.

Japan's Nikkei 225 index gained 0.1% to 21,285.99, while in Hong Kong the Hang Seng also added 0.1% to 28,513.00. The Kospi in South Korea edged less than 0.1% higher to 2,126.33. Australia's S&P ASX 200 picked up 0.2% to 6,665.40 and the Shanghai Composite index added 0.2% to 3,008.15. Shares fell in Southeast Asia and Taiwan.

Potentially complicating the talks with Xi, on Friday, the U.S. announced it was blacklisting five Chinese organizations involved in supercomputing with military-related applications, citing national security as justification for denying its Asian...