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World Shares Fall Monday               09/24 05:55

   Shares have fallen in Europe and Asia after China reportedly rebuffed a plan 
for talks with the U.S. on resolving their dispute over trade and technology.

   BANGKOK (AP) -- Shares have fallen in Europe and Asia after China reportedly 
rebuffed a plan for talks with the U.S. on resolving their dispute over trade 
and technology.

   KEEPING SCORE: Germany's DAX fell 0.4 percent to 12,382.50 and the CAC 40 in 
France lost 0.3 percent to 5,479.86. The FTSE 100 in Britain lost 0.2 percent 
to 7,472.33. The futures contracts for the Dow Jones industrial average and the 
S&P 500 both fell 0.2 percent, auguring a slow start on Wall Street.

   THE DAY IN ASIA: Hong Kong's Hang Seng index fell 1.6 percent to 27,499.39 
and Australia's S&P ASX 200 edged 0.1 percent lower to 6,186.90. India's Sensex 
gave up 1.5 percent to 36,296.80. Shares rose in Singapore but fell in Thailand 
and Indonesia. Markets in Japan, South Korea, Shanghai and elsewhere in the 
region were closed for national holidays.

   CHINA-US-TRADE: China and the U.S. pressed ahead with another tariff hike on 
each other's products. There was no sign that proposed trade talks between 
Washington and Beijing would go ahead. The two sides have announced penalty 
tariffs on tens of billions of dollars' worth of each other's exports in an 
escalating dispute over Beijing's state-led technology development and other 
policies.

   ANALYST'S VIEWPOINT: "The weekend headlines have not been a blessing for 
'risk sentiment,'" Stephen Innes of OANDA said in a commentary. He added, "the 
optimist in me is siding on 'this too shall pass,' but with markets closed in 
Japan, China and South Korea as a large part of Asia celebrates the Mid-Autumn 
festival, it impossible to gauge sentiment in these drastically diminished 
liquidity conditions."

   WALL STREET: Wall Street capped a milestone-setting week Friday with a mixed 
finish for the major U.S. stock indexes and the second all-time high in two 
days for the Dow Jones Industrial Average. The S&P 500 index dropped 1.08 
points on Friday to 2,929.67, just under its latest all-time high set a day 
earlier. The Dow gained 0.3 percent to 26,743.50, thanks largely to gains in 
Boeing and McDonald's. The Nasdaq composite lost 0.5 percent, to 7,986.96. The 
Russell 2000 index of smaller companies gave up 0.5 percent to 1,712.32.

   ENERGY: Benchmark U.S. crude picked up $1.48 cents to $72.26 per barrel in 
electronic trading on the New York Mercantile Exchange. It gained 0.7 percent 
to settle at $70.78 a barrel Friday in New York. Brent crude, used to price 
international oils, added $1.96 to $80.20 per barrel.

   CURRENCIES: The dollar rose to 112.66 yen from Friday's 112.60 yen. The euro 
climbed to $1.1770 from $1.1752. The British pound rose to $1.3124 from 
$1.3072. 


(BE)

 
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