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AAP

2012-11-28

A roundup of trading on major world markets:

NEW YORK - US stocks opened lower after Greece secured a revised bailout deal that will help it again avert a default on its huge debt load.

Doubts remained about the new deal, which allows Athens to trim its debt load through bond buybacks and reduced rates and promises new rescue loan instalments of 43.7 billion euros ($A54.63 billion) through March.

Five minutes into trade the Dow Jones Industrial Average was down 27.19 points (0.21 per cent) at 12,940.18.

The broad-market S&P 500 lost 2.37 (0.17 per cent) at 1403.92, while the Nasdaq Composite slipped 4.26 (0.14 per cent) to 2972.52.

LONDON - European stock markets have risen but the euro has dipped against the dollar on Tuesday as investors cautiously welcomed a bailout deal for Greece that eased fears over a bankruptcy for the indebted eurozone country.

London's FTSE 100 index of leading companies rose 0.22 per cent to close at 5799.71 points, Frankfurt's DAX 30 climbed 0.55 per cent to 7332.33 points, and in Paris the CAC 40 edged up 0.03 per cent to 3502.13 points.

The euro was trading at $1.2938 compared with $1.2971 late in New York on Monday after an initial euro rally petered out.

HONG KONG - Asian shares have mostly risen after a multibillion-euro loan deal for Greece, but Shanghai closed near a four-year low over growing pessimism about the state of the world's second biggest economy.

Tokyo closed up 0.37 per cent, or 34.36 points, at 9,423.30, Seoul rose 0.87 per cent, or 16.69 points, to 1,925.20 while Sydney ended 0.74 per cent, or 32.6 points, higher at 4,456.8.

Hong Kong ended flat, slipping 17.78 points to 21,844.03, while Shanghai fell 1.30 per cent, or 26.29 points, to 1,991.17 - the lowest close for the index since January 23, 2009.

WELLINGTON - The NZX 50 Index fell 2.41 points, or 0.1 per cent, to 4009.60, holding above 4000 for a third session.