Global Stocks Mixed Monday             05/13 04:55

   World stocks were mixed on Monday after Wall Street coasted to the close of 
another winning week.

   HONG KONG (AP) -- World stocks were mixed on Monday after Wall Street 
coasted to the close of another winning week.

   European markets were little changed. Britain's FTSE 100 rose 0.1% to 
8,444.23. Germany's DAX edged down by 2.40 to 18,770.45 and the CAC 40 in Paris 
lost 0.1% to 8,210.88.

   The future for the S&P 500 edged 0.1% higher and that for the Dow Jones 
Industrial Average was less than 0.1% higher.

   In Asia, the release of weak Chinese lending data and news that the U.S. 
government plans to raise tariffs on a raft of Chinese exports were weighing on 
sentiment.

   Japan's benchmark Nikkei 225 shed 0.1% to 38,179.46. The country's first 
quarter economic growth figures are due to be released on Thursday.

   Hong Kong's Hang Seng rose 0.8% and ended at 19,108.78, helped by buying of 
technology shares.

   But the Shanghai Composite index was 0.2% lower, to 3,148.02, after China's 
inflation data rose for a third straight month in April, while the producer 
price index, which measures the cost of factory goods, declined for a 19th 
month, the National Bureau of Statistics reported on Saturday.

   New loans fell to 730 billion yuan ($100 billion) in April from 3.09 
trillion yuan in March and total credit declined partly due to a lower level of 
government bonds being issued. Officials said the data show demand remains weak 
with the real estate sector still ailing.

   The Biden administration is expected to announce this week that it will 
raise tariffs on electric vehicles, semiconductors, solar equipment, and 
medical supplies imported from China, according to people familiar with the 
plan. Tariffs on electric vehicles, in particular, could quadruple from 25% to 
100%.

   These tariffs, which are expected to be announced on Tuesday, sparked 
selling of some automakers. Chinese EV maker BYD's stock dropped 0.2% and NIO 
slumped 2%.

   South Korea's Kospi fell less than 0.1% to 2,727.21 and Australia's S&P/ASX 
200 was 1 point higher to 7,750.00.

   Taiwan's Taiex gained 0.7% after leading computer maker TSMC reported its 
revenue surged nearly 60% in April from a year earlier. India's Sensex fell 
0.6%.

   On Friday, the S&P 500 rose 0.2% to 5,222.68 to finish a third straight 
winning week following a mostly miserable April. Early gains shrank after a 
discouraging report on U.S. consumer sentiment.

   The Dow Jones Industrial Average gained 0.3% to 39,512.84, and the Nasdaq 
composite edged down by 5.40 to 16,340.87.

   The S&P 500 is within 0.6% of its record, helped by revived hopes the 
Federal Reserve may cut interest rates this year. A flood of 
stronger-than-expected reports on profits from big U.S. companies has also 
helped support the market.

   In the bond market, Treasury yields rose following the discouraging 
preliminary report from the University of Michigan.

   It suggested sentiment among U.S. consumers is weakening by much more than 
economists expected, and the drop was large enough to be "statistically 
significant and brings sentiment to its lowest reading in about six months," 
according to Joanne Hsu, director of the survey of consumers.

   Potentially even more discouraging is that U.S. consumers were forecasting 
inflation of 3.5% in the upcoming year, up from their forecast of 3.2% a month 
earlier. If such expectations spiral higher, the fear is that it could lead to 
a vicious cycle that worsens inflation.

   In other trading, benchmark U.S. crude rose 33 cents to $78.59 a barrel in 
electronic trading on the New York Mercantile Exchange. Brent crude, the 
international standard, was 27 cents higher at $83.06 a barrel.

   The U.S. dollar edged up to 155.88 Japanese yen from 155.70 yen. The euro 
cost $1.0777, up from $1.0771.