World stocks down on mixed US, Japan economic news

World stocks down on mixed US, Japan economic news

BANGKOK (AP) â€" World bonds markets fell Wednesday, with trade thinned by year-end holidays and churned mercantile news out of a U.S. and Japan.

Benchmark oil hovered above $101 per tub while a dollar fell opposite a euro and a yen.

European bonds forsaken in early trading. Britain's FTSE 100 fell 0.2 percent to 5,501.25. Germany's DAX was 0.9 percent reduce during 5,839.98 and France's CAC-40 mislaid 0.4 percent to 3,092.01. Wall Street also seemed headed for a reduce opening. Dow Jones industrial futures rose 0.2 percent to 12,199 while S&P 500 futures dipped 0.3 percent to 1,256.60.

Earlier in Asia, trade was subdued, as it typically is between a Christmas holiday and New Year's.

Japan's Nikkei 225 index fell 0.2 percent to tighten during 8,423.62. Hong Kong's Hang Seng Index fell 0.6 percent to 18,518.67, while South Korea's Kospi mislaid 0.9 percent to 1,825.12. Australia's S&P ASX 200 mislaid 1.3 percent to 4,088.80. Benchmarks in Singapore, Taiwan and Indonesia were also lower.

Japan's industrial outlay forsaken a seasonally practiced 2.6 percent final month â€" a initial decrease in dual months. But a disastrous news was mitigated by expectations of resilient prolongation and prolongation this month and next, that helped to tongue-tied batch marketplace losses.

The Shanghai Composite Index topsy-turvy march after early losses, rising 0.2 percent to 2,170.01. But a smaller Shenzhen Composite Index sank 0.5 percent during 849.76.

Some investors were "dumping shares" given Beijing has unsuccessful to take stairs they approaching to kindle negligence mercantile growth, pronounced Peter Lai, investment manager for DBS Vickers in Hong Kong.

"Some investors believed there would be a rebate in seductiveness rates or a bank haven ratio. But this hasn't happened," Lai said.

Tokyo Electric Power plunged 11.8 percent, a day after Japanese Industry Minister Yukio Edano suggested that a embattled application be put underneath proxy state control and warned a association opposite resorting to electricity check hikes.

TEPCO operates a Fukushima Dai-ichi chief energy plant, that was heavily shop-worn in a Mar trembler and tsunami, and owes large remuneration payments to people and companies spoiled by a chief disaster during a plant.

Hong Kong-listed skill shares also slumped. China Overseas Land & Investment slid 3 percent. China Resources Land mislaid 2.7 percent.

China Mengniu Dairy, a country's biggest dairy company, plummeted 24 percent in Hong Kong after acknowledging that a cancer-causing venom had been found in pert constructed by a company. Mengniu apologized and pronounced no sinister pert had done it to a market. The supervision blamed a problem on bad feed given to cows.

Retail shares also slid on flourishing stress over a tellurian economy in 2012. Hong Kong-listed valuables tradesman Chow Sang Sang strew 4 percent. Australian dialect store sequence David Jones fell 2.1 percent and Woolworth's mislaid 0.9 percent.

On Wall Street on Tuesday, a Dow Jones mislaid reduction than 0.1 percent to tighten during 12,291.35. The S&P 500 was adult marginally to 1,265.43. The Nasdaq combination rose 0.3 percent to 2,625.20.

U.S. consumer certainty surged to an eight-month high, though home prices fell in 19 of a 20 cities tracked by a Standard & Poor's/Case-Shiller index. That news dampened investors' unrestrained about a burst in consumer certainty to a top turn given April.

Benchmark wanton oil rose 2 cents to $101.36 per tub in electronic trade on a New York Mercantile Exchange. The agreement rose $1.66 to finish during $101.34 per tub on a Nymex on Tuesday.

In banking trading, a euro fell to $1.3075 from $1.3069 late Tuesday in New York. The euro has been diseased given of worries about Europe's supervision debt crisis. It is still trade only above an 11-month low of $1.2943 reached on Dec. 14.

The dollar fell to 77.73 yen from 77.85 yen.

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AP Business Writer Joe McDonald contributed from Beijing.


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