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Stocks Lower As China Reform Promise Disappoints

In Asia, Tokyo's Nikkei 225 surged 2.1 percent to 14,876.41, also helped by renewed weakness in the yen as it approached 100 to the dollar.

China's Shanghai Composite rose 0.6 percent to 2,100.51 and Hong Kong's Hang Seng gained 0.8 percent to 22,649.15. Benchmarks in Australia, Taiwan, South Korea and Singapore also rose.

In energy markets, benchmark crude for December delivery rose 42 cents to $94.30 in electronic trading on the New York Mercantile Exchange. The contract gained 84 cents on Wednesday.

The euro dropped 0.1 percent $1.3479, while the dollar rose 0.7 percent to 99.89 yen.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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