LONDON (AP) -- Fresh figures showing Japan's economy shrinking at its fastest pace in 35 years have sent stocks around the world falling.
The world's second-biggest economy contracted 3.3 percent from October through December. The fourth quarter report was worse than expected.
With one exception, the major Asian indexes closed down as did those in Europe. But the declines weren't extreme.
Japan's Nikkei lost 0.4 percent of its value, while Hong Kong's Hang Seng dropped 0.7 percent and South Korea's benchmark was off 1.4 percent.
The exception was Shanghai. It's main index gained 3 percent, extending a rally analysts attribute to a surge in bank lending.
The losses in Europe were heavier. Britain's main index closed down 1.3 percent. Germany's was off 1.1 percent and France's benchmark dropped 1.2 percent.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.