Asian Stocks End Lower; Europe Falls - TheStreet

Updated from 4:32 a.m. EST

NEW YORK (

TheStreet

) -- Asian stocks ended down Wednesday, and European shares were trading lower, as investors continued to wrestle with concerns over China's attempts to curb bank lending.

The Nikkei 225 stock average in Tokyo fell 73.20 points, or 0.7%, to 10,252.08.

Toyota

(TM) - Get Report

fell 4.3% as the world's largest automaker said it

would halt sales

of eight popular models in the U.S. that are involved in a recall for sticking gas pedals.

In China, the Shanghai composite index declined 1.1% to end at 2,986.61 as investors remain concerned the global recovery could come to a halt on China's moves to tighten its lending practices.

China's

Securities Times

reported Wednesday some banks were ordered to pull back loans to comply with this month's lending targets, according to the

Associated Press

. That followed reports the government had again raised the amount of money banks must keep in reserve, a move aimed at slowing lending.

As of 5:30 a.m., stocks in London fell by 0.7%, Frankfurt was down 0.5% and Paris was losing 0.9%.

Premarket futures suggested stocks in the U.S. would open mixed Wednesday ahead of the

Federal Reserve's

decision on interest rates in the afternoon and President Obama's State of the union address in the evening.

S&P 500

and

Nasdaq

futures were higher;

Dow Jones Industrial Average

futures were lower.

-- Reported by Joseph Woelfel in New York.

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