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Shares in BP, which had risen sharply on Thursday after the company agreed to set up a $20 billion fund to pay for the oil spill damages, were up another 1.2 percent in London. Experts say the deal offers some clarity on the extent of the company's liabilities. Wall Street was expected to rise on the open -- Dow industrials futures were up 0.1 percent at 10,378 while Standard & Poor's 500 futures were up 0.1 percent at 1,112.80. Asia, however, was mixed by the closing bell. Japan's benchmark Nikkei 225 stock index edged down less than 0.1 percent to 9,995.02 and China's Shanghai Composite Index shed 1.8 percent to 2,513.22 ahead of Agricultural Bank of China's record-breaking initial public offering. Taiwan's index dropped 0.3 percent. Elsewhere, South Korea's Kospi rose 0.2 percent to 1,711.95 and Australia's S&P/ASX 200 gained 0.5 percent to 4,551.90. Hong Kong's Hang Seng added 0.7 percent to 20,286.71. The dollar fell to 90.73 yen from 90.92 yen in New York late Thursday. Benchmark crude for July delivery was down 64 cents at $76.15 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped 88 cents to settle at $76.79 on Thursday.
[Associated
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