Europe Rises, Asian Stocks End Mixed
NEW YORK (
) -- European shares were slightly higher and Asian stocks ended mixed Tuesday on mergers and acquisitions news.
Stocks in London rose 0.4%, while Frankfurt and Paris shares both were rising 0.3%.
Prudential PLC's
(PUK) - Get Report
agreement Monday to buy
AIG's
(AIG) - Get Report
Asian operations for $35.5 billion spurred confidence among investors of further deal-making.
In Tokyo, the Nikkei 225 stock average gained 47.83 points, or 0.5%, to 10,219.89, after Japan's unemployment rate fell in January and household spending rose.
The Hang Seng in Hong Kong declined 0.7%, pulled down by bank
HSBC
(HBC)
, which fell more than 7%.
Shares in Australia rose 0.3% after the nation's central bank boosted its key interest rate to 0.4%.
Premarket futures suggested stocks would open mixed Tuesday on Wall Street, after posting gains on Monday.
-- Reported by Joseph Woelfel in New York.
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