Asian stocks closed lower Thursday and stock market futures in the U.S. were mixed as concerns grew that the U.S. government bailout of the financial industry might be delayed.

Stocks in Europe also were mixed.

President Bush on Wednesday addressed the proposed $700 billion bailout of toxic debt on U.S. national television, asking America to support the plan to resolve the crisis and urging swift action from Congress. Lawmakers in Washington have so far resisted approving the plan.

Japan's Nikkei 225 stock average closed down 108.50 points, or 0.9%, to 12,006.53. The Hang Seng index in Hong Kong closed down 0.15%.


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Associated Press

reports hundreds of nervous customers swarmed Bank of East Asia offices in Singapore and Hong Kong Thursday, the second day of Asia's first major bank run since the global financial crisis erupted last year.


reports Hong Kong's de facto central bank, meanwhile, responded by injecting $500 million into the market as a way of shoring up the territory's banking system.

The FTSE 100 index in London fell 8.17 points, or 0.16%, while the DAX in Frankfurt rose 18.97 points, or 0.3%.

Futures for the S&P 500 fell 1.10 points to 1191.90, but were 5.23 points above fair value. Nasdaq futures rose 1.50 points to 1673.50, and were 3.78 points above fair value.