European, Asian Shares Trade Mixed
Updated from 4:37 a.m. EST
NEW YORK (
) -- Debt worries in Europe continue to stymie investors, making for mixed trading in global stock markets.
In Tokyo, Japan's Nikkei 225 stock average closed lower by 0.2% to 9,932.90, while the Hang Seng index in Hong Kong gained 1.2%. Stocks in China rose 0.5%.
In Europe, stocks in London were higher by 0.2% as of 6:20 a.m., while shares in Frankfurt and Paris were falling.
The Asian and European markets took their cue from U.S. stocks which posted declines on Monday on persisting fears about European sovereign debt. Concerns about high debt levels, especially in Greece, have investors unsure of what the problems in Europe might mean to a global recovery.
The
Dow Jones Industrial Average
Monday closed down 104 points, or 1%, to 9908, the first time it closed below 10,000 since November. The
S&P 500
lost 0.9%, while
Nasdaq
fell 0.7%.
Toyota
(TM) - Get Report
shares rose almost 3% despite announcing a global recall of its popular gas-electric hybrid Prius because of a braking problem.
In Europe, Swiss bank
UBS
(UBS) - Get Report
returned to a fourth-quarter profit but said client outlows continued.
Premarket futures in the U.S. suggested stocks would rise when Wall Street opens Tuesday.
-- Reported by Joseph Woelfel in New York.
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