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AAP

2013-01-17

A roundup of trading on major world markets:

NEW YORK - US stocks fell in early trade despite reports from leading Wall Street banks that bested expectations, as Boeing's 787 problems dinged sentiment.

After 15 minutes of trade, the Dow Jones Industrial Average was down 58.28 points (0.43 per cent) at 13,476.61.

The broad-based S&P 500 fell 4.08 (0.28 per cent) to 1468.26.

The Nasdaq Composite slipped 2.52 (0.08 per cent) to 3108.26.

LONDON - Europe's main stock markets ended mixed despite investor sentiment being hit by more gloomy economic news as the World Bank and Germany cutting growth forecasts.

London's FTSE 100 index of leading companies slid 0.22 per cent to 6103.98 points, while Frankfurt's DAX 30 added 0.20 per cent to 7691.13 points and in Paris the CAC 40 gained 0.30 per cent to 3708.49 points.

The euro edged down to $1.3302 from $1.3304 in New York late on Tuesday.

Germany slashed its official 2013 growth forecast to 0.4 per cent, compared with the prior estimate of 1.0 per cent. However, it also forecast a solid rebound in 2014.

The World Bank cut its 2013 global economic growth forecast to 2.4 per cent, from the previous figure of 3.0 per cent, and described the recovery as "fragile and uncertain".

HONG KONG - Asian shares mostly fell on profit-taking after recent gains, with Tokyo suffering heavy losses as the yen rebounded strongly after weeks of steep declines.

Tokyo ended 2.56 per cent, or 278.64 points, lower at 10,600.44 and Shanghai slipped 0.70 per cent, or 16.18 points, to 2309.50.

Seoul dropped 0.32 per cent, or 6.29 points, to 1977.45 and Hong Kong was off 0.10 per cent, or 24.52 points, to 23,356.99. But Sydney put on 0.46 per cent, or 21.8 points, to close at 4738.4.

WELLINGTON - The NZX 50 Index eased 1.72 points, or 0.4 per cent, to 4169.23.