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AAP

2012-11-27

A roundup of trading on major world markets:

NEW YORK - US stocks opened lower after breaking a six-week slump with solid gains last week, with the jury still out over how strong the crucial Black Friday holiday sales went for retailers.

Five minutes into trade on Monday, the Dow Jones Industrial Average was down 74.27 points, or 0.57 per cent, at 12,935.41.

The broad-market S&P 500 index lost 7.15 points, or 0.51 per cent, to 1,402.00.

The Nasdaq Composite fell 7.79 points, or 0.26 per cent, to 2,959.056.

LONDON - Europe's main stock markets slid in cautious deals as eurozone finance ministers met again to discuss the release of the next slice of Greece's bailout cash.

London's FTSE 100 index of leading companies dropped 0.56 per cent to 5,786.72 points on Monday, while in Frankfurt, the DAX 30 gave up 0.23 per cent to 7,292.03 points, and Paris's CAC 40 fell 0.79 per cent to 3,500.94 points.

The euro slid to $US1.2961 compared to $US1.2973 late in New York on Friday.

HONG KONG - Asian markets were mixed on Monday as investors awaited the outcome of a meeting later in the day aimed at finalising a bailout deal for Greece, amid a simmering budgetary impasse in Washington.

Tokyo rose 0.24 percent, or 22.14 points, to 9,388.94, Sydney gained 0.25 percent, or 11.2 points, to close at 4,424.2 but Seoul ended 0.15 percent, or 2.82 points, lower at 1,908.51.

Hong Kong closed down 0.24 percent, or 52.17 points, at 21,861.81 while Shanghai slid 0.49 percent, or 9.92 points, to finish at 2,017.46.

Eurozone finance ministers were to meet later Monday for their third effort to agree on unlocking a 31.2 billion euros ($A39 billion) slice of aid for Greece as it teeters on the verge of bankruptcy as nervous investors hope for positive news.

WELLINGTON - The NZX 50 gained 3.69 points, or 0.1 per cent, to 4012.02, the highest since early January 2008.