Global shares lower after biggest Wall St retreat of year
Global shares are mostly lower as investors grow cautious after Wall Street’s biggest pullback of the year TOKYO -- Global shares were mostly lower Thursday as investors grew cautious after Wall Street's biggest pullback of the year. France's CAC 40 lost 0.4% in early trading to 7,052.61, while Germany's DAX edged down 0.5% to 15,106.21. Britain's FTSE 100 fell nearly 0.6% to 7,787.49. The future for the Dow Jones Industrial Average was 0.4% lower while that for the S &P 500 declined 0.3%. Japan reported its trade deficit more than doubled in December from a year earlier, to 1.4 trillion yen ($11.3 billion), while the total deficit for all of 2022 ballooned to nearly 20 trillion yen ($156 billion) as the yen weakened and soaring costs for oil and other imports far outpaced an 18% increase in exports. Japan's benchmark Nikkei 225 slipped 1.4% to 26,405.23. Australia's S &P/ASX 200 gained 0.6% to 7,435.30. South Korea's Kospi added 0.5% to 2,...