BISINISS WORLD NEWS

NEW YORK: U.S. industrial stocks stumbled after China said it would take more steps to keep its economy from growing too fast.

The Dow Jones industrial average closed down 45 points but had fallen as much as 160 points. Shares of three Dow stocks with extensive business overseas all fell more than 1 percent.

Stocks ended mixed but the Dow and other major indexes postedgains for the week, their first after four losing weeks.

The Dow fell 45.05, or 0.4 percent, to 10,099.14. The Standard &Poor's 500 index dropped 2.96, or 0.3 percent, to 1,075.51, while the Nasdaq composite index rose 6.12, or 0.3 percent, to 2,183.53.

For the week, the Dow and the S&P 500 index each rose 0.9 percent while the Nasdaq jumped 2 percent.

In Asia, Tokyo’s market, closed Thursday for a public holiday, led the region’s gains. Japan’s Nikkei 225 stock average rose 128.20 points, 1.29 percent, to 10,092.19 and the Shanghai Composite index was up 32.63 points, or 1.09 percent, to 3,018.13.

South Korea’s Kopsi closed down 4.15 points, or 0.26 percent, at 1,593.89. Australia’s benchmark was flat while markets in Thailand closed up 0.38 percent and Malaysia rose 0.32 percent. Indian markets were closed Friday for a public holiday.