European shares also rose, although not quite hitting new records.
European and Asian stocks unravelled Friday, resuming a midweek slump, with investors spooked by a ratcheting up of trade war clouds after US President Donald Trump announced tariffs on all Mexican imports.
European shares extended losses early on Monday from the biggest weekly slump this year as the U.S.-China deadlock quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon. The STOXX 600 index dropped 0.5 per cent by 0855 GMT to hit 7-month lows.
European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the US government hit Chinese telecoms giant Huawei with severe sanctions, further straining Sino-US trade ties.
Oil prices gained for a fourth straight session as data showed a drawdown in US crude stockpiles, adding to ongoing worries of tight supply, which have offset concerns over a weaker global economy and demand.
The partially convertible rupee ended at Rs78.9650/9750 per US dollar (Dhs21.49) after touching a lifetime low of Rs78.97. The currency had closed at Rs78.77 on Tuesday.
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Council, launched ‘Dubai Global’, an initiative to establish 50 integrated