Asia stocks mixed
Asian stocks were mixed on Friday as early gains on the back of rallies in the United States and Europe were sold and markets remained volatile at the end of a rollercoaster week.
On currency markets, the US dollar remained under pressure on fears of a slowdown in the United States and on deep worries about the eurozone debt crisis. The dollar stood at 76.67 yen in early European trade, slightly down from 76.88 in late New York trade on Thursday, and hovering just above the post-war low of 76.25 yen.
Oil fell. New York's main contract, West Texas Intermediate for delivery in September, fell $1.03 to $84.69 per barrel in the afternoon. Brent North Sea crude for September delivery dipped 57 cents to $107.45.
Gold closed at $1,758.00-$1,759.00 an ounce in Hong Kong, down from Thursday's close of $1,782.50-$1,783.50.
In other markets:
Singapore closed 1.94 percent, or 54.37 points, higher at 2,850.59. Mumbai closed down 1.29 percent, or 219.77 points, to 16,839.63, as investors unwound positions before the long Independence Day weekend, which sees the Bombay Stock Exchange shut on Monday.
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