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World Shares Mixed, Oil Sinks $3 01/15 04:48
World shares were mixed Thursday and U.S. futures gained after Wall Street
retreated, dragged down by falls in Big Tech stocks.
HONG KONG (AP) -- World shares were mixed Thursday and U.S. futures gained
after Wall Street retreated, dragged down by falls in Big Tech stocks.
Oil prices fell nearly $3 a barrel after U.S. President Donald Trump said he
was told "on good authority" that plans for executions in Iran have stopped,
even as Tehran signaled fast trials and executions ahead in its crackdown on
protesters.
U.S. benchmark crude fell $2.73, or 4.5%, to $59.13 per barrel. Brent crude,
the international standard, shed $2.94, or 4.4%, to $63.58 per barrel.
The future for the S&P 500 gained 0.3% on Thursday, while that for the Dow
Jones Industrial Average edged up less than 0.1%.
In European trading, France's CAC 40 dropped 0.4% in early trading to
8,296.41. Germany's DAX was nearly unchanged at 25,291.73. Britain's FTSE 100
rose 0.5% to 10,233.35.
In Asia, Tokyo's Nikkei 225 slipped 0.4% to 54,110.50, with
technology-related stocks trading lower. SoftBank Group fell 4.9%, while
testing equipment maker Advantest fell 2.5%.
But shares in retailer Ryohin Keikaku, or Muji, jumped nearly 12% after it
reported stronger-than-expected earnings.
Shares of machinery and equipment maker Toyota Industries rose 6.2%
following reports that automaker Toyota Motor has raised its buyout offer for
the company to 18,800 yen ($118.61) per share.
Hong Kong's Hang Seng dropped 0.3% to 26,923.62. Hong Kong-listed shares of
Chinese online travel platform Trip.com sank 19% after Beijing said it had
opened an antitrust investigation into the group. The Shanghai Composite index
fell 0.3%, to 4,112.60 after Chinese regulators raised minimum margin
requirements for investors.
South Korea's Kospi gained 1.6% to 4,797.55.
In Australia, the S&P/ASX 200 climbed 0.5% to 8,861.70.
Taiwan's Taiex fell 0.4%. Shares of Taiwan's leading chip maker TSMC fell
1.2%, even after it announced better-than-expected quarterly profit and
revenue. The company said it plans to increase its capital spending this year.
TSMC said it expects to increase its capital spending by nearly 40% this
year as it works to keep up with surging demand due to the expanding use of AI.
On Wednesday, the S&P 500 dipped 0.5% for its second straight loss. The Dow
slipped 0.1% and the Nasdaq composite shed 1%.
Big Tech stocks were among those weighing on performance -- even as the
majority of stocks on Wall Street rose -- in part as investors dialed back from
the artificial intelligence frenzy and as some critics warned their stocks had
become overvalued.
In other dealings early Thursday, the U.S. dollar fell to 158.42 Japanese
yen from 158.46 yen.
The euro fell to $1.1639 from $1.1645.
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