Asian markets mixed in early trade amid concerns (AP)

TOKYO – Asian markets were mixed in late morning trade Monday amid caution over tensions on the Korean peninsula and the debt crisis in Europe.

The Nikkei 225 stock average rose 0.30 percent to 10,069.38 at the end of morning trade, buoyed largely by a stronger dollar.

Electronics, auto and other exporter issues led morning gains, as a higher dollar benefits exporters as it increases the value of their repatriated profits.

The dollar rose to 84.09 yen from 82.55 yen late Friday. The euro stood at $1.3217 from $1.3726.

Worries about an escalation between the Koreas weighed heavily on rest of Asian stocks, while investors were also concerned about debt problems in Ireland.

Taiwan's Taiex rose 0.46 percent to 8,349.99, while South Korea's Kospi fell 0.31 percent to 1,895.44, and Australia's S&P/ASX200 index dropped 0.65 percent, to 4,568.40. Shares in Shanghai, the Philippines and New Zealand also fell.

European Union nations agreed Sunday to give euro67.5 billion ($89.4 billion) in bailout loans to Ireland to help it weather the cost of its massive banking crisis, and sketched out new rules for future emergencies in an effort to restore faith in the euro currency.

Joint military exercises involving a nuclear-powered U.S. supercarrier and a South Korean destroyer continued Monday, nearly a week after a deadly attack on a South Korean island sent tensions soaring in the region.

In New York on Friday, the Dow Jones industrial average fell 95.28, or 0.9 percent, to 11,092.


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