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Stock market today: Asian shares are mostly lower as Australia's central bank raises its key rate

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BANGKOK (AP) — Shares mostly fell in Asia on Tuesday after a mixed close on Wall Street, where wild recent moves calmed a bit at the beginning of a quiet...

BANGKOK — Shares mostly fell in Asia on Tuesday after a mixed close on Wall Street, where wild recent moves calmed a bit at the beginning of a quiet week for data releases.

In Seoul, the Kospi dropped 3% to 2,427.82. It gained 5.7% on Monday after the government, seeking to shore up public support ahead of legislative elections in April, restored until the end of June a ban on short-selling to protect small investors from what regulators said was “massive illegal naked short-selling by global investment banks” and other illegal activities.On Monday, U.S. stocks drifted and the S&P 500 added 0.2% to 4,365.98. The Dow Jones Industrial Average edged 0.

A report Monday from the Federal Reserve said significant numbers of loan officers at banks reported tightening their standards to lend money. Many banks cited a less favorable or more uncertain outlook on the economy. Slower lending would weigh on business activity. A barrel of benchmark U.S. crude slipped 46 cents to $80.36 in electronic trading on the New York Mercantile Exchange. It rose 31 cents to settle at $80.82 a barrel on Monday.

An attacker was unpleasantly surprised when Javier Baez, a former MMA fighter, subdued him with a massive body slam and choke on pavement.

The "Rocky" actor's son died at the age of 36 in 2012 from coronary heart disease caused by atherosclerosis.

 

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