European Shares Mixed,Asian Stocks Fall10/10 04:56

   European shares were mixed in early trading while Asian shares mostly fell 
on Friday after a respite from Wall Street's recent feverish rally. The price 
of gold also pulled back from record highs following recent torrid runs.

   MANILA, Philippines (AP) -- European shares were mixed in early trading 
while Asian shares mostly fell on Friday after a respite from Wall Street's 
recent feverish rally. The price of gold also pulled back from record highs 
following recent torrid runs.

   The futures for the S&P 500 and the Dow Jones Industrial Average were both 
up less than 0.1%. Oil prices slipped.

   In early European trading, Germany's DAX rose 0.2% to 24,652.73, while 
France's CAC 40 added 0.4% to 8,076.96.

   Britain's FTSE 100 slipped 0.1% to 9,498.95, weighed down by losses for 
mining and energy stocks.

   Most Asian indexes fell. But South Korea's Kospi climbed 1.7% to 3,610.60 as 
trading reopened after a holiday. India's BSE Sensex also gained, adding 0.5%.

   The Kospi's surge was fueled by a rally of tech shares including SK Hynix, 
which rose 8.2%. Samsung Electronics added 6.1%, boosted by news that 
Nvidia-backed Reflection AI had raised $2 billion in funding, increasing its 
market value to $8 billion.

   Japan's Nikkei 225 closed 1% lower to 48,088.80, pulling back from big gains 
the previous day after data showed producer prices rose more than expected in 
September.

   Political uncertainty also loomed after the ruling Liberal Democrats failed 
to persuade their junior coalition partner, the Buddhist-backed Komeito, to 
stay. The Komeito's leader said the group was unhappy with the Liberal 
Democrats' stance on cleaning up corruption.

   The Komeito's move was a significant blow to hopes for LDP leader Sanae 
Takaichi, an ultra-conservative lawmaker, to become Japan's first female prime 
minister.

   Hong Kong's Hang Seng index shed 1.8% to 26,277.84, while the Shanghai 
Composite index slipped nearly 1% to 3,897.03.

   Australia's S&P/ASX 200 slid more than 0.1% to 8,958.30. Taiwan's stock 
market was closed for a holiday.

   On Thursday, the S&P 500 slipped 0.3% from its latest all-time high for just 
its second loss in the last 10 days. The Dow dropped 0.5% and the Nasdaq 
composite lost 0.1%.

   Gold also fell following its stellar rally this year, losing 2.4% to drop 
back below $4,000 per ounce, while Treasury yields held relatively steady in 
the bond market. They're taking a moment following big runs driven in large 
part by expectations that the Federal Reserve will cut interest rates to 
support the economy.

   Financial markets have been climbing so relentlessly, including a 35% leap 
for the S&P 500 from a low in April, that worries are mounting that prices may 
have shot too high. Concerns are particularly strong about the frenzy lifting 
stocks related to artificial-intelligence technology.

   In other dealings early Friday, U.S. benchmark crude oil shed 6 cents to 
$61.45 per barrel. Brent crude, the international standard, edged down 14 cents 
to $65.08 per barrel.

   The U.S. dollar fell to 152.71 Japanese yen from 153.05 yen. The euro rose 
to $1.1585 from $1.1569.