Global Shares Mixed Tuesday            01/21 04:50

   Global shares were mixed in a muted reaction Tuesday to the inauguration of 
U.S. President Donald Trump.

   TOKYO (AP) -- Global shares were mixed in a muted reaction Tuesday to the 
inauguration of U.S. President Donald Trump.

   France's CAC 40 gained 0.1% to 7,739.02, while Germany's DAX was flat at 
20,988.89. Britain's FTSE 100 gained 0.1% to 8,533.10.

   The future for the S&P 500 was up 0.3% and that for the Dow Jones Industrial 
Average gained 0.4%. U.S. markets were closed Monday for the Martin Luther King 
Jr. Day holiday.

   Some analysts said the inauguration would inject optimism into global 
markets, while others said the threat of higher tariffs might hurt sentiment.

   Trump's release of an "America First Trade Policy" memo after he took office 
Monday indicated he would take no immediate action on raising tariffs, possibly 
alleviating immediate concerns about threats of double-digit tariffs on all 
imports. However the plan calls for a broad reassessment and overhaul of U.S. 
trade policy.

   "In a twist that calmed nerves across global markets ... President Trump 
revealed he would not, contrary to expectations, roll out new tariffs 
immediately," said Stephen Innes, managing partner at SPI Asset Management.

   Worries about the effects of Trump's policies on China have eased somewhat 
as both sides have pledged to work to improve relations.

   Hong Kong's Hang Seng index rose 0.9% to 20,106.55, in part lifted by 
embattled Chinese property developer Country Garden, whose shares jumped 17.5% 
after it got a reprieve on its deadline for working out an agreement with its 
creditors.

   The Shanghai Composite index edged 0.1% lower to 3,242.62.

   Tokyo's Nikkei 225 index gained 0.3% to finish at 39,027.98, while 
Australia's S&P/ASX 200 gained 0.7% to 8,402.40. South Korea's Kospi slipped 
less than 0.1% to 2,518.03.

   Shares in Fuji Media Holdings, of which major Japanese broadcaster Fuji TV 
is a part, recouped earlier losses, to finish 2.1% higher. The earlier decline 
came after dozens of companies, including Toyota Motor Corp., decided to stop 
airing television commercials that accompany Fuji TV shows. The stock price has 
zigzagged recently as a sex scandal unfolded, reported by weekly magazine 
Shukan Bunshun.

   In energy trading, benchmark U.S. crude declined 97 cents to $76.42 a 
barrel. Brent crude, the international standard, lost 32 cents to $79.84 a 
barrel.

   In currency trading, the dollar was unchanged at 155.64 Japanese yen. The 
euro cost $1.0362, down from $1.0416.