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AAP

2012-11-22

A roundup of trading on major world markets:

NEW YORK - US stocks opened slightly higher as Wall Street awaited a batch of economic data and weighed another eurozone failure to agree on a crucial aid payment for Greece.

The Dow Jones Industrial Average was up 8.34 points (0.07 per cent) at 12,796.85 in the first five minutes of trade.

The broad-market S&P 500 index advanced 1.39 (0.10 per cent) to 1389.20, while the Nasdaq Composite gained 7.13 (0.24 per cent) at 2923.81.

LONDON - Europe's main stock markets rose and the euro was steady against the US dollar even though eurozone finance chiefs failed to strike a deal to unlock the latest batch of bailout cash for heavily-indebted Greece.

The benchmark FTSE 100 index closed with a slight gain of 0.07 per cent at 5752.03 points in London, Frankfurt's DAX 30 rose by 0.16 per cent to 7184.71 points and the Paris CAC 40 added 0.44 per cent to 3477.36.

The euro was virtually unchanged at $1.2818.

HONG KONG - The euro recovered from an afternoon sell-off in Asian trade while shares ended mixed after eurozone finance chiefs said they had failed to agree on a deal to unlock crucial bailout cash for Greece.

In Tokyo the single currency bought $1.2760 and 104.72 yen towards the end of trade, after hitting $1.2820 and 105.07 yen ahead of the announcement.

It had finished in New York Tuesday at $1.2818 and 104.70 yen.

Tokyo closed up 0.87 per cent, or 79.88 points to 9,222.52, Sydney fell 0.37 per cent, or 16.2 points, to close at 4,369.5, while Seoul lost 0.32 per cent, or 6.14 points, to end at 1,884.04.

But Hong Kong ended much higher as the initial shock wore off. The index surged 1.39 per cent, or 296.08 points, to 21,524.36, while Shanghai, which slumped to a four-year low intra-day, bounced back to close 1.07 per cent higher, adding 21.40 points to 2,030.32.

WELLINGTON - The NZX 50 Index fell 1.71 points, or 0.04 per cent, to 3971.23.