On Wednesday, the world stock markets closed mixed, with the Asian stocks were up as China appeared the climax of once decade of the leadership transition while the Europe still mired in an uncertainty of debt-swamped Greece. While, the day before, the Toronto stock market finished lower for the second day. The S&P/TSX composite index declined 56.8 points to 12,134.66.

The Wall Street appeared face for gains as renewed attempts got under way in Washington to recope the impending "fiscal cliff." The Dow Jones industrial futures climbed 0.5 per cent to 12,782 and S&P 500 futures gained 0.6 per cent to 1,378.50. while, in the early trading, the European stocksclosed lower, despite Greece's manage sale of short-term treasury bills Tuesday.

Britain's FTSE 100 eased 0.5 per cent to 5,759.43. Germany's DAX was 0.1 %lower at 7,160.64. France's CAC-40 slid 0.3 per cent to 3,421.39.

Elsewhere, the Hong Kong's Hang Seng soared 1.2 per cent to 21,441.99. Mainland Chinese shares also increased, with the Shanghai Composite Index surging 0.4 per cent to 2,055.42. The Shenzhen Composite Index added 0.3 per cent to 818.60. Japan's Nikkei 225 index jumped marginally to finish at 8,664.73. The Australia's S&P/ASX 200 added 0.2 per cent to 4,388.40. The South Korea's Kospi was 0.2 per cent higher to 1,894.04.

Among the individual stocks, Japan's Sharp Corp. surged 7.2 per cent after the Japanese media reports said the Intel Corp., the world's biggest chipmaker, was struggling electronics maker about the business alliance.

Chipmaker SK Hynix rose 4.9 per cent. LG Electronics gained 4.6 per cent for the fourth quarter.

The euro climbed to $1.2730 from $1.2705 on late Tuesday in New York. The dollar jumped to 79.94 yen from 79.41 yen.

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