UPDATE 2-UK shares rebound as U.S. tariff reprieve eases trade worries

* FTSE 100 up 0.3%, FTSE 250 rise 0.5%
* Oil giants, miners gain on tariff delay
* Plus500 surges after results

(Adds news item, updates share prices)
By Muvija M and Yadarisa Shabong
Aug 13 (Reuters) - UK shares bagged gains for the day,
reversing earlier losses, after the United States said it would
delay tariffs on some Chinese products, offering respite to
investors who had been gripped with fears over the trade
dispute.
Online trading platform Plus500 soared on a buy-back plan.
The FTSE 100 .FTSE , which had started off the session in
the red amid Hong Kong protests and the U.S.-China trade
worries, ended 0.3% higher. The midcap index .FTMC rose 0.5%.
The United States delayed imposing a 10% import tariff on
laptops, cell phones, video game consoles and some other
products made in China that had been scheduled to start next
month, in an abrupt pull-back from a hardline stance on Chinese
trade. That had taken focus off the worries over protests in Hong
Kong, which had recently weighed on shares in the FTSE 100's
Asia-focussed financials such as HSBC HSBA.L and Standard
Chartered STAN.L .
Still, the Hong Kong protests' impact on Asia-focussed
financials including HSBC HSBA.L , as well as pressure from
simmering U.S.-China trade tensions have placed the FTSE 100 on
track for its biggest monthly fall since October 2018.
"With worries about a recession brewing in Germany,
political uncertainty in Italy and violent scenes in Hong Kong,
the easing up of hostilities between the US and China has been a
welcome change to the doom and gloom of the past few days," CMC
Markets analyst David Madden said.
On the midcap index, Plus500 PLUSP.L surged 21%, erasing
one-third of its year-to-date losses, after its new share
buyback plan offset a more than 50% slump in first-half
earnings. Luxury carmaker Aston Martin AML.L , on the other hand,
lost 4% after Credit Suisse downgraded its rating and slashed
its price target by more than two-thirds. A Financial Times
report also said hedge funds had taken short positions in the
company. (https://on.ft.com/2N0ADhU) Blue-chip retailers Next NXT.L , Marks & Spencer MKS.L
and Tesco TSCO.L lost 1.2-2% a day after data showed 10.3% of
shops in Britain were vacant, the highest rate in four years.
More than 50 retailers, including Sainsbury's SBRY.L and
M&S, have urged the government to freeze business rates to help
out the struggling sector. London-listed shares of tour operator TUI TUIGn.DE
TUIT.L , which earlier rose as much as 4.4%, ended the day
slightly lower after reporting a 46% decline in core earnings
amid problems with the grounding of Boeing's BA.N 737 MAX jets
in the third quarter.