Updated from 4:32 a.m. EST
NEW YORK (
) -- 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.
fell 4.3% as the world's largest automaker said it
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.
reported Wednesday some banks were ordered to pull back loans to comply with this month's lending targets, according to the
. 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
decision on interest rates in the afternoon and President Obama's State of the union address in the evening.
futures were higher;
Dow Jones Industrial Average
futures were lower.
-- Reported by Joseph Woelfel in New York.
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