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European, Asian Shares Trade Mixed

Debt worries in Europe continue to stymie investors, making for mixed trading in global stock markets.

Updated from 4:37 a.m. EST

NEW YORK (

TheStreet

) -- 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

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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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