Asia stocks closed mixed Wednesday, stocks in Europe were slightly higher, and stock market futures in the U.S. fell as the government's bailout of
American International Group
failed to dent the credit crisis concerns of investors.
AIG will receive an $85 billion bridge loan from the Federal Reserve aimed at keeping the giant insurer out of bankruptcy and preventing the acceleration of a world credit crisis.
As part of the bailout, the government will take an 80% stake in the company.
Japan's Nikkei 225 stock average closed up 140.07 points, or 1.2%, to 11,749.79, while the Hang Seng index in Hong Kong posted a decline of more than 3%.
The FTSE 100 index in London rose 6.2 points, or 0.12%, to 5,031.80, while the DAX index in Germany rose 7.81 points, or 0.13%, to 5,972.98.
Stock market futures in the U.S. fell. Futures on the
index dropped 16.20 points to 1200, and were 14.76 points below fair value.
futures fell 20.75 points to 1712.25, and were 21.49 points below fair value.
Oil prices overnight in Asia rose $3 to $94.15 in electronic trading on the New York Mercantile Exchange. Treasuries declined, while the dollar was higher against the yen and relatively flat vs. the euro.
This article was written by a staff member of TheStreet.com.