World Shares Mixed Thursday            10/16 04:48

   

   MANILA, Philippines (AP) -- World shares were mixed Thursday with European 
indexes down or flat while most Asian shares rose, tracking gains on Wall 
Street following a topsy-turvy trading day.

   U.S. futures and oil prices gained.

   In early European trading, Germany's Dax shed nearly 0.3% to 24,114.48. 
France's CAC 40 was almost flat at 8,079.54, while Britain's FTSE 100 fell 
almost 0.2% to 9,409.35.

   Earlier in Asia, Japan's Nikkei 225 closed 1.3% higher to 48,277.74 as 
investor sentiment was lifted by a strong start to the earnings season and 
expectations of U.S. rate cuts.

   Japan's core machinery orders, excluding ships and electric power, fell 0.9% 
month-on-month in August, missing market expectations for a 0.4% gain. But they 
marked improved from a 4.6% drop in July, according to data released Thursday.

   South Korea's Kospi surged to a record high, adding 2.5% to 3,748.37 on 
buying of tech and auto stocks that was spurred by hopes for a trade deal with 
U.S. Samsung Electronics and automakers Hyundai Motor and Kia Corp. were among 
the big gainers.

   In Chinese markets, Hong Kong's Hang Seng index shed 0.1% to 25,888.51, 
while the Shanghai Composite index added 0.1% to 3,916.23.

   Australia's S&P/ASX 200 closed nearly 0.9% higher at 9,068.40, breaching the 
9,000 level for the first time amid gains in gold stocks. Miners in 
resource-rich Australia are benefitting from a runup in gold prices. Early 
Thursday, the precious metal was up 0.9% at 4,237.60 per ounce.

   Also, the jobless rate rose to 4.5% in September, the highest in four years, 
stepping up expectations that the country's Reserve Bank may resume rate cuts 
as early as next month.

   India's BSE Sensex added 0.8%, while Taiwan's Taiex advanced 1.4%.

   On Wednesday, most U.S. stocks rose. The S&P 500 added 0.4% to 6,671.06, but 
only after jumping toward one of its biggest gains since the summer, erasing it 
all and then climbing back.

   The Nasdaq composite climbed 0.7%, closing at 22,670.08 after earlier 
pinballing between a drop of 0.4% and a rally of 1.4%. The Dow Jones Industrial 
Average lagged the market, shedding less than 0.1% to 46,253.31.

   Technology stocks helped lead the way Wednesday following a 
better-than-expected profit report from Netherlands-based ASML, a major 
equipment supplier to the semiconductor industry. It expects its revenue for 
2025 to be 15% above last year's, while next year's should be at least as high 
as this year's. Several big banks also drove the market higher.

   Companies are under pressure to deliver strong profits after their stock 
prices broadly surged 35% from a low in April. To justify those gains, which 
critics say made their stock prices too expensive, companies will need to show 
they're making much more in profit and will continue to do so.

   Profit reports are under more scrutiny than usual as investors seek insights 
into the health of the American economy. The U.S. government's latest shutdown 
is delaying important updates on the economy, such as a report on inflation 
that was due Wednesday.

   In other dealings early Thursday, U.S. benchmark crude oil gained 50 cents 
to $58.77 per barrel. Brent crude, the international standard, rose 47 cents to 
$62.38 per barrel.

   The dollar rose to 151.15 Japanese yen from 151.06 yen. The euro climbed to 
$1.1658 from $1.1648.