China's many trading partners have highly diverse trade dynamics and macroeconomic policies, yet the vast majority share a sustained and large imbalance with China.
US stocks steadily extended gains after a Bloomberg report said China had offered to go on a six-year buying spree to ramp up USA imports in order to reconfigure the relation between the two countries.
The entire index has gained close to 1 percent just this week alone.
Stocks jumped on news that China were considering increasing its annual goods imports from the USA to over $1tr as it bids to reduce its trade surplus to zero by 2024, according to Bloomberg.
The S&P 500 posted one new 52-week high and no new lows; the Nasdaq Composite recorded 29 new highs and 23 new lows.
-China trade war agreed to on December 1 when Trump and Chinese President Xi Jinping met at the G20 summit in Argentina, there have been few details provided of any progress made. The yen, viewed as a safe-haven asset, traded at 109.44 to the US dollar, weaker than levels near 108.00 earlier in the week.
Rest of the FAANG members, which will report their quarterly results in the coming weeks, rose between 0.7 percent and 2.4 percent.
Journalist who exposed soccer corruption in Ghana shot dead
He and his boss [Anas] have offended so many people in this country. 'The evil they have been doing will follow them'. He said: "We can not allow the voices of truth to be muffled by those who would benefit from silence and deceit".
In Europe, London's FTSE 100 gained 1.4 percent to 6,932 and Germany's DAX advanced 1.5 percent to 11,079.
"For the most part the (pound's) move higher appears to be more in hope than expectation, given the default position as it stands now remains that the UK leaves the European Union without a deal", said Michael Hewson, chief market analyst at CMC Markets UK. There are reports that China will buy more imports from the United States over six years.
The surge followed the lead in Asia-Pacific equities, which in turn took their cue from U.S. shares' performance on Thursday. Brent crude, used to price worldwide oils, added 2.5 percent to $62.70 a barrel in London.
USA officials have said that last week's talks in Beijing "went just fine" but few details from the meeting have emerged.
The SARB (South African Reserve Bank) has significantly lowered its inflation forecasts and its key rate outlook, mainly due to the significant decline in oil prices in the fourth quarter of 2018, Commerzbank analysts said in a note.
The pan-European STOXX 600 index .STOXX rose 1.80 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 1.18 percent.
Elsewhere in commodities, palladium was 1.2 percent higher at $1,412.50 an ounce after rising to an all-time high of $1,434.50 overnight. Natural gas jumped 2 percent to $3.48 per 1,000 cubic feet.
Spot gold was down half a percent at $1,285.03 an ounce, after relinquishing its spot as the most expensive precious metal to palladium early in December. The euro fell to $1.1370 from $1.1390.