Updated from 12:42 a.m. EST

Asian stocks ended mixed Thursday as investors digested dismal trade numbers from China and an interest rate cut from South Korea's central bank.

Traders also were taking in the news there is a chance the U.S. Senate may not approve a $14 billion bailout for automakers

General Motors

(GM) - Get Report





(F) - Get Report

passed by the House of Representatives on Wednesday.

Chinese exports fell in November for the first time in seven years, Beijing said Wednesday, highlighting weaker global demand and putting additional pressure on authorities to spur growth.

Hong Kong's benchmark Hang Seng index rose 0.2%, while mainland China's Shanghai Composite index dropped 2.3%.

Japan's Nikkei 225 stock average rose 0.7% to 8720.55. Shares of Japanese automakers, such as


(HMC) - Get Report



, rose on the auto-bailout news from the U.S. Major bank

Sumitomo Mitsui Financial

jumped 9.6% on news that it will issue more capital than originally planned. The company said it plans to issue 538.2 billion yen ($5.8 billion) in preferred securities through an overseas unit.

South Korean stocks finished with gains after the central bank carried out its biggest interest rate cut ever, slashing a key rate by a full percentage point to a record low 3%.

Stocks in Europe were trading lower. The FTSE 100 index fell 0.5%, while the DAX in Frankfurt was down 1.2%.

Stock futures in the U.S. were indicating a lower opening for stocks on Wall Street Thursday.

On Wednesday, the major indices in the U.S. ended the session with gains after an afternoon push by the bulls edged stocks back into positive territory.


Dow Jones Industrial Average

, which had rallied about 188 points earlier in the session, ended the day up 70.09 points, or 0.8%, at 8761.42. The

S&P 500

gained 10.57 points, or 1.2%, to 899.24, and the


added 18.14 points, or 1.2%, at 1565.48.

Oil prices edged lower as light, sweet crude for January delivery fell to $43.47.

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