*U.S.sharesfall,commodityandenergysharesdrop
*IrishdebtconcernseaseasEUleadersofferreassurance
*Euroupfromsix-weeklow,Europeansharesslip
*Chinesesharesdropsharply,heightenedconcernonrates (UpdateswithU.S.markets'close,addscomment)
ByDanielBases
NEWYORK,Nov12(Reuters)-Investorshadfewplacesto hideonFridayasstocks,bonds,andcommoditiesfellonfears ChinamayraiseinterestrateswhileIreland'sdubiousdebt positionforcedEuropeanleaderstoleaptoDublin'sdefense.
U.S.stockssnappedafiveweekwinningstreak,ending lowerascommodityandenergysharestookabeatingonconcerns thatchangesinChinesemonetarypolicymightslowthepaceof itsvoraciousappetiteforrawmaterials.
Theeurowasgivenareprieve,risingfromsix-weeklowsas officialsreiteratedtobondholderstheywouldnotbeforcedto takelossesintheeventofaneweurozonebailout. [ID:nTOE6AB04P]
"ThefactthateurozoneofficialssaidIrishbondholders don'thavetotakeahaircutontheirexistingpositionsis supportivefortheeuro,"saidOmerEsiner,chiefmarket analystatCommonwealthForeignExchange.
U.S.Treasuries'pricesfellsharplyafterthefirstdayof purchasesbytheU.S.FederalReserveaspartofitsnew$600 billionbond-buyingprogramtostimulatetheU.S.economy.
TheFedbought$7.23billioninTreasurypapermaturingin fourtosixyearsonFriday.
"Investorsaretryingtoreadjustratestoabetter economicoutlookandtheprospectofnofurtherQEafterthe currentprogramofassetpurchases,"saidCaryLeahey, economistatDecisionEconomicsinNewYork.
Benchmark10-yearU.S.Treasurylossestripledafterthe
results,fallinga45/32ofapointinpriceandpushingthe
yieldtoatwomonthhighof2.79percent
Spotgoldandcrudeoilpricessufferedtheirbiggestdrop inamonth,despitetheU.S.dollar'sweakness.
Attheclose,theDowJonesindustrialaverage<.DJI>fell 90.52points,or0.80percent,at11,192.58.TheStandard& Poor's500Index<.SPX>lost14.33points,or1.18percent,at 1,199.21.TheNasdaqCompositeIndex<.IXIC>dropped37.31 points,or1.46percent,at2,518.21.
Fortheweek,theDowindustrialsandS&P500lost2.1 percentwhiletheNasdaqlost2.35percent.
Thepan-EuropeanFTSEurofirst300<.FTEU3>indexoftop sharescloseddown0.43percentat1,103.99points.
Shanghai'sstockmarket<.SSEC>sufferedtheworstlossin over14monthsafterrumorssweptthroughthemarketthat furthermonetarytighteningwasimminenttostemrisingChinese prices,especiallyinthehousingsector.[ID:nTST000631]
"Thewholecommoditycomplexisexceptionallyweakafter theovernightactioninChina,andweneedtoseehowitall playsout,"saidTomSamuels,managingpartneratPalantir CapitalManagementinHouston."Thismaybethefirstseedof doubtaboutthehealingpowerof(quantitativeeasing)."
Tokyo'sNikkei225index<.N225>fell1.4percentfroma 4-1/2monthclosinghighintheprevioussession.
Lookingbroadly,theMSCIAll-CountryWorldindex
<.MIWD00000PUS>fell1.03percent.
FormoreonIreland'sdebtwoes,click[ID:nTOE6AB04P]
FormoreontheG20,see[ID:nN11196971]
FormoreabouttheselloffinChina,click[ID:nTOE6AB04G]
RUMORANDDENIAL
Ireland'sdebtproblems,muchliketherestofperipheral Europe,arekeepinginvestorsonedgedespitethedenialfrom leadersthatbondholderswereatrisk.
SourcestoldReutersonFridaythatIrelandisintalksto tapemergencyfundsfromtheEuropeanFinancialStability Facilitythatwouldallowinvestorstoavoidtakingalosson theirinvestments.[ID:nBRU011130]
"TherumorsthattheEUmaycomeoutwithasupportpackage forIrelandhaveledtoaboutofshort-covering.Investorsare veryshortIreland,"saidNickStamenkovic,aninterestrate strategistatRIACapitalMarkets.
"Mostofthelong-termplayerswilljustbesittingonthe sidelines.There'ssomuchvolatilityinthemarket,theydon't wanttogetinvolveduntilthesituationclarifies,"hesaid.
ThepremiumdemandedtoholdIrish10-yearbondsover Germanbondsnarrowedfromrecordhighlevels.[ID:nLDE6AB0UX]
Inthecurrencymarkets,theeurowasup0.22percentat
$1.3685againstthedollar
Thedollarcutitslossesversustheyen,pullingjust
aboveevenonthedayat82.54
Crudeoil