Asia stocks choppy amid Spanish bank weakness

World stock markets moved higher after a choppy start Tuesday as hopes for new measures to boost China's economy outweighed worries about the health of Spanish banks and their potential to worsen Europe's debt crisis.

World stock markets moved higher after a choppy start Tuesday as hopes for new measures to boost China's economy outweighed worries about the health of Spanish banks.

The LTRO may have ignited the bond markets and the stock market but it did not do anything for bank lending. The New York Times reports Survey of European Banks Shows a Sharp Cut in Lending

By Symmetry Capital Mgmt: The intrigue out of Europe has picked up this week:

World stock markets diverged in choppy trading on Wednesday as investors' fixed their attention on worries over eurozone debt contagion.European stock markets were falling in late morning deals after Asian indices mostly closed higher following Tuesday's rebound on Wall Street.The euro climbed against the dollar, while in bonds news Italy borrowed 6.5 billion euros at sharply higher rates.