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AAP

2013-02-08

A roundup of trading on major world markets:

NEW YORK - US stocks opened slightly lower as the market takes a breather from the aggressive buying that has characterised most of 2013 so far.

Five minutes into trade on Thursday, the Dow Jones Industrial Average was 14.86 points, or 0.11 per cent, lower at 13,971.66.

The S&P 500 index dropped 0.28 point, or 0.02 per cent.

The tech-rich Nasdaq Composite Index fell 0.20 point, or 0.01 per cent.

LONDON - European stocks fell and the euro plunged against the US dollar after the ECB held its key rate steady despite calls by France and others for looser monetary policy.

The euro ended Thursday's session at $US1.3386, down from $US1.3519 late on Wednesday in New York.

In London, where the Bank of England also maintained its key rates, equities on the FTSE 100 index of top companies fell 1.06 per cent to 6,228.42 points.

In Paris, the CAC 40 fell 1.15 per cent to 3,601.05 points, while in Frankfurt the DAX 30 edged up 0.13 per cent to 7,590.85 points, kept in positive territory by another raft of rosy economic data.

HONG KONG - Asian markets closed mostly down with traders booking profits after another strong rally in the previous session, while they are also awaiting the release of Chinese economic indicators.

Tokyo's Nikkei suffered a deep correction after storming almost four per cent to its highest level since September 2008 as the yen reclaimed some of its losses in recent days.

Tokyo fell 0.93 per cent, or 106.68 points, to 11,357.07 on Thursday and Seoul slipped 0.23 per cent, or 4.42 points, to 1,931.77.

Sydney rose 0.30 per cent, or 14.7 points, to 4,935.7, Hong Kong fell 0.34 per cent, or 79.93 points to 23,177.00, and Shanghai closed down 0.66 per cent or 15.95 to 2,418.53.

WELLINGTON - The NZX 50 Index fell 16.706 points, or 0.4 per cent, to 4195.24.