World stock markets were mixed Monday, with Tokyo's index down more than 1 percent, as a recent rally over the $827 billion plan to resuscitate the US economy began to fade. Stocks have advanced strongly lately on expectations the US measures will reverse the country's deepest recession in decades by stemming massive job losses and increasing spending. A coming overhaul of the government's $700 billion financial bailout program also has given sentiment a lift. Among new measures under consideration are guarantees to help banks limit losses from their souring assets. Markets in Asia gave up some of their gains by the afternoon which analysts attribute the rise was fueled by investors looking to profit from market momentum. Japan's Nikkei 225 stock average fell 107.59, or 1.3 percent, to 7969.03, while South Korea's Kospi was off 0.6 percent at 1,202.69. As trading started in Europe, France's CAC 40 was off 0.5 percent, Germany's DAX slipped 0.3 percent and Britain's FTSE 100 was down 0.6 percent. The Dow industrials rose 217.52, or 2.7 percent, to 8,280.59 after rising 106 on Thursday. The Standard & Poor's 500index rose 22.75, or 2.7 percent, to 868.60. But Wall Street futures sank Monday, suggesting US markets would lose last week's gain.
