World stocks traded higher on Monday as a report that the U.S. economy expanded more than expected in the third quarter outweighed concerns about a credit crunch in China, AP reported. Hong Kong's Hang Seng was up 0.5 percent to 22,921.56, while China's Shanghai Composite added 0.24 percent to 2,089.71. South Korea's KOSPI rose 0.7 percent to 1,996.89. Elsewhere, stocks in Taiwan, Singapore and New Zealand advanced. Tokyo stock markets were closed for a holiday. In Europe, France's CAC 40 gained 0.1 percent to 4,198.88 and Germany's DAX rose 0.4 percent to 9,435.45. U.S. stocks were set for another day of gain. Futures for the Dow Jones industrial average and broader S&P were up 0.3 percent. In energy markets, benchmark crude for January delivery was down 35 cents to $98.97 a barrel in electronic trading on the New York Mercantile Exchange. The contract added 55 cents to $99.32 on Friday. In the currency markets, the euro gained to $1.3678 from $1.3674. The dollar gained to 103.96 yen from 103.99 yen.
