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Sept 27 (Reuters) - European shares rose on Friday, with
London stocks outperforming due to a weaker pound, while hopes
of a quick resolution to the U.S.-China trade war offset worries
of slowing economic growth and rising political risks.
The pan-European STOXX 600 index .STOXX rose 0.5%, with
export-heavy London's FTSE 100 .FTSE up almost 1%, led by
gains in oil majors and miners.
The United States and China are prepping for another round
of high-level trade talks scheduled for Oct. 10 and 11 in
Washington, aimed at resolving their near 15-month long trade
dispute.
The European basic resources sector .SXPP jumped 1.4%,
powered by a rise in shares of Norwegian aluminum company Norsk
Hydro NHY.OL , which gained 1.9%, after a Brazilian court
lifted its final production embargo on the company's key plant.
However, shares of semiconductor companies Infineon
IFXGn.DE , AMS AMS.S and ASM International ASMI.AS came
under pressure after a profit warning from U.S. chipmaker Micron
Technology Inc MU.O .
Tech stocks .SX8P edged 0.1% higher, posting some of the
smallest gains among the major European sub-sectors.