Global Stocks Mixed; Some Exchanges Clo12/31 05:26

   Global stock markets, including Germany, Japan and South Korea, were closed 
Wednesday for the yearend and New Year's holidays, while trading was mixed in 
those bourses that remained open.

   TOKYO (AP) -- Global stock markets, including Germany, Japan and South 
Korea, were closed Wednesday for the yearend and New Year's holidays, while 
trading was mixed in those bourses that remained open.

   France's CAC 40 lost 0.5% in early trading to 8,130.14, while Britain's FTSE 
100 shed 0.2% to 9,923.59.

   Earlier in Asia, the Hang Seng index dipped 0.9% to 25,630.54, while the 
Shanghai Composite rose 0.1% to 3,968.84. The Taiex in Taiwan jumped 0.9% to 
28,963.60. In Australia, Sydney's S&P/ASX 200 dipped less than 0.1% to 8,714.30.

   Tokyo trading was set to be closed for the New Year's holidays on Thursday 
and Friday and scheduled to reopen on Monday. In South Korea, trading was 
scheduled to be closed on Thursday.

   Trading will remain open Wednesday on Wall Street but will be closed 
Thursday.

   In energy trading, U.S. crude fell 16 cents to $57.79 per barrel. The price 
of Brent crude, the international standard, slipped 16 cents to $61.176 per 
barrel.

   The continued impact of a wide-ranging U.S.-led trade war threatens to add 
more fuel to inflation in the U.S. The Fed can cut interest rates to help the 
economy weather a slower jobs market. But that could add more fuel to 
inflation, which is still solidly above the Fed's 2% target.

   The Fed has signaled more caution moving forward. Minutes from its December 
meeting reflect the divisions within the central bank as it deals with 
uncertainty about the threats facing the economy.

   Wall Street is betting that the Fed will hold interest rates steady at its 
next meeting in January.

   Sung Won Sohn, professor of finance and economics at Loyola Marymount 
University, believes uncertainty is brewing for global markets because of 
inflation, labor shortages and questions about where interest rates might be 
headed.

   "Central banks must tread carefully, and financial markets will likely 
experience continued volatility as expectations shift," he said.

   "For businesses, investors, and policymakers alike, flexibility, risk 
management, and close attention to economic signals will be essential in 
navigating the challenges ahead."

   In currency trading, the U.S. dollar rose to 156.55 Japanese yen from 156.36 
yen. The euro cost $1.1727, down from $1.1744.