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World Markets Mostly Lower Monday 04/23 05:59

World Markets Mostly Lower Monday      04/23 05:59

   Global shares were mostly lower Monday following Friday's steep slide in 
technology shares on Wall Street. Markets had only a muted reaction, if any, to 
North Korea's announcement that it would stop nuclear and missile testing.

   (AP) -- Global shares were mostly lower Monday following Friday's steep 
slide in technology shares on Wall Street. Markets had only a muted reaction, 
if any, to North Korea's announcement that it would stop nuclear and missile 
testing.

   KEEPING SCORE: Britain's FTSE 100 was almost unchanged at 7,365.29. 
Germany's DAX edged 0.1 percent lower to 12,522.34 and the CAC 40 of France 
declined 0.2 percent to 5,404.24. The future for the S&P 500 lost 0.1 percent 
and the future for the Dow lost 0.2 percent.

   ASIA'S DAY: Tokyo's Nikkei 225 fell 0.3 percent to 22,088.04 and South 
Korea's Kospi shed 0.1 percent to 2,474.11. Hong Kong's Hang Seng declined 0.5 
percent to 30,254.40 and the Shanghai Composite index dropped 0.1 percent to 
3,068.01. Australia's S&P ASX 200 advanced 0.3 percent to 5,886.00. Shares rose 
in India but fell in Taiwan and Southeast Asia.

   WALL STREET: Losses in technology, retailers, packaged foods and beverage 
makers weighed on U.S. stocks Friday, pulling the market lower for a second day 
in a row. The S&P 500 index fell 0.9 percent to 2,670.14. The Dow Jones 
industrial average slid 0.8 percent to 24,462.94. The Nasdaq composite lost 1.3 
percent to 7,146.13 and the Russell 2000 index of smaller-company stocks gave 
up 0.6 percent, to 1,564.12. For every stock that rose on the New York Stock 
Exchange, two declined, though the indexes finished the week with gains.

   NORTH KOREA: North Korea's announcement on Saturday to suspend further 
nuclear and intercontinental ballistic missile tests and close its nuclear test 
site raised hopes in Washington and Seoul for a breakthrough in the upcoming 
nuclear negotiations. However, the North's statement stopped short of 
suggesting it would give up its nukes or halt production of missiles. That 
raises the question of what might come of a meeting between North Korean leader 
Kim Jong Un and South Korean President Moon Jae-in on Friday.

   ANALYST VIEWPOINT: "While geopolitical tensions remain bubbling under the 
surface, rising oil prices and higher U.S. yields suggest investors are likely 
to deal with increased volatility as a broad range of political, economic and 
financial events unfolds," Stephen Innes of OANDA said in a commentary.

   ENERGY: Benchmark U.S. crude lost 44 cents to $67.96 per barrel in 
electronic trading on the New York Mercantile Exchange. On Friday it gained 7 
cents to settle at $68.40 per barrel. Brent crude, used to price international 
oils, sagged 39 cents to $73.67 per barrel.

   CURRENCIES: The dollar rose to 108.19 yen from 107.64 yen on Friday. The 
euro fell to $1.2233 from $1.2290. The pound slipped to $1.3971 from $1.4001. 


(BE)