UPDATE: World Stocks Lackluster as China Growth Slows 1/20/14
KUALA LUMPUR, Malaysia - Concerns about slower economic growth in China have held overseas stock markets in check today.
Markets in the United States were closed today for the Martin Luther King holiday.
Official figures today showed that China's economy grew at a slightly slower pace in the final quarter of the year than it did in the previous quarter. For the full year, the economy expanded at a rate of 7.7 percent. It tied 2012 for China's weakest performance since the 1990s.
Still, China's growth is far stronger than that of the United States, Japan or Europe.
Japan's Nikkei stock index fell 0.6 percent today. China's Shanghai Composite was down by 0.7 percent.
In Europe, Britain's main stock average closed a tenth of a percent higher, while France's main index lost a tenth of a point.
Germany's DAX dropped 0.3 percent led by a 5.4 percent fall in shares of Deutsche (DOY'-cheh) Bank, which said it would book an unexpected loss in the fourth quarter. It follows weaker earnings at major U.S. financial companies like Morgan Stanley and Goldman Sachs.