Nike shares rise as strong quarterly results allay China demand concerns

(Reuters) - Nike Inc shares rose 8 percent on Friday, after the company's solid quarterly results eased worries that escalating trade tensions between Washington and Beijing would weigh on China demand and hurt the sportswear maker's growth story.The company's double-digit percentage growth in China was in addition to strong demand in North America, Nike's biggest and most competitive market, where sales got a boost from higher full-priced sales and a rebound in Jordan sneakers.In a note titled..