Shares were mostly lower in Europe and Asia on Wednesday as markets were counting down to the end of a painful year for investors, with no end in sight to uncertainties stemming from the pandemic and the war in Ukraine.
Shares fell in Frankfurt, Paris, Tokyo, Shanghai and Seoul but rose in London and Hong Kong as the Chinese government took further steps to reopen to foreign travel after relaxing its stringent "zero-COVID" policies.Not all world markets have ended the year on low notes. Britain's FTSE 100 is at about the level it started 2022. Early Wednesday it was up 0.7% at 7,525.42.
The future for the S&P 500 was barely changed, down 1 point. The future for the Dow Jones Industrial Average edged 0.1% higher. The Chinese government announced late Tuesday that it will start issuing new passports, a major step away from anti-virus travel barriers that likely will bring a flood of tourists out of China for next month's Lunar New Year holiday.
With China amid its most severe COVID wave so far, disruptions to manufacturing and transport will likely linger until the worst is past. Tokyo's Nikkei 225, which has given up 8.6% this year, fell 0.4% to 26,340.50 after the government reported that Japan's industrial production fell for a third straight month in November and was likely to fall further in December.
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