Yen resumes fall after G20, U.S. holiday thins trade

LONDON (Reuters) - The yen resumed falling on Monday after Japan signaled it would push ahead with expansionist monetary policies having escaped criticism from the world's 20 biggest economies at the weekend.

Industrial metals also dipped and European shares were soft on lingering worries about the economic outlook, especially for the euro zone. While the risk of an inconclusive outcome in Italy's forthcoming election added to investor concerns.

However, activity was curtailed by the closure of markets in the United States for the Presidents' Day holiday.

The yen, which has dropped 20 percent against the dollar since mid-November, fell further after financial leaders from the G20 promised not to devalue their currencies to boost exports and avoided singling out Japan for any direct criticism.

The dollar rose 0.5 percent to 93.95 yen, near a 33-month peak of 94.47 yen set a week ago. The euro added 0.3 percent to 125.40 yen, to be midway between Friday's two-week low of 122.90 and a 34-month high of 127.71 yen hit earlier this month.

Strategists said the yen was likely to stay weak, though its decline could lose momentum until it becomes clear who will be taking the helm at the Bank of Japan when the current governor steps down on March 19.

"The yen probably will weaken a little further in anticipation of more aggressive easing under a new leadership team at the Bank of Japan," said Julian Jessop, chief global economist at Capital Economics.

Japan's Prime Minister Shinzo Abe is poised to nominate the new governor in the next few days. Sources have told Reuters that former financial bureaucrat Toshiro Muto, considered likely to be less radical than other candidates, was leading the field.

Meanwhile the euro dipped slightly against the dollar when European Central Bank president Mario Draghi said the currency's recent gains made any rise in inflation less likely and added that he had yet to see any improvement in the euro zone economy.

Speaking before the European Parliament, Draghi said the euro's exchange rate was not a policy target but was important for growth and stability, adding that appreciation of the euro "is a risk".

The comments left the euro down 0.2 percent at $1.3334.

Elsewhere in the currency market, sterling hit a seven-month low against the dollar, after a key policymaker made comments about the need for further weakness and recent poor data which has kept alive worries of another British recession.

Sterling fell 0.25 percent to $1.5476 having earlier touched $1.5438, its lowest since July 13.

DATA LOOMS

A big week for data on the outlook for the world's economy weighed on other riskier asset markets following the recent dire fourth-quarter growth numbers for the euro zone and Japan, along with Friday's soft U.S. manufacturing figures.

In European markets, attention is focused on the euro area Purchasing Managers' Indexes for February and German sentiment indices due later in the week which could affect hopes for a recovery this year.

Analysts expect Thursday's euro area flash PMI indices, which offer pointers to economic activity around six months out, to show growth stabilizing across the recession-hit region, leaving intact hopes for a recovery in the second half of 2013.

Concerns over an inconclusive outcome in the Italian election on Sunday and Monday have added to the weaker sentiment as a fragmented parliament could hamper a future government's efforts to reform the struggling economy.

The worries about the outlook for Italy were encouraging investors back into safe-haven German government bonds on Monday, with 10-year Bund yields easing 3.5 basis points to be around 1.63 percent.

"Political uncertainty will keep Bunds well bid this week," ING rate strategist Alessandro Giansanti said, adding that only better than expected economic data could create selling pressure on German debt in the near term.

Italian 10-year yields were 4 basis points higher on the day at 4.41 percent.

EARNINGS HIT

European equity markets were taking their lead from corporate earnings reports which have been reflecting the sluggish economic conditions across the region.

Danish brewer Carlsberg , which generates just over 60 percent of its sales in western Europe, became the latest to report a weaker-than-expected quarterly profit, sending its shares to their lowest level in almost a month.

The 5.8-percent drop for shares in the world's fourth biggest brewery helped send the FTSEurofirst 300 index <.fteu3> of top European shares down 0.2 percent. Germany's DAX <.gdaxi>, France's CAC-40 <.fchi> and Britain's FTSE-100 <.ftse> ranged between 0.4 percent up and 0.15 percent lower.

Earlier, the G20 statement and subsequent comment from Prime Minster Abe indicating a renewed drive to stimulate the Japanese economy lifted the Nikkei stock index <.n225> by 2.1 percent, near to its highest level since September 2008.

MSCI's world equity index <.miwd00000pus> was flat as markets extended a two-week period of consolidation that has followed the big run-up in January, when demand was buoyed by the efforts of central banks to stimulate the world economy.

Data from EPFR Global, a U.S.-based firm that tracks the flows and allocations of funds globally, shows investors pulled $3.62 billion from U.S. stock funds in the latest week, the most in 10 weeks after taking a neutral stance the prior week.

But demand for emerging market equities remained strong, with investors putting $1.81 billion in new cash into stock funds, the fund-tracking firm said.

CHINA RETURN

In the commodity markets, traders played catch-up after a week-long holiday last week in China, the world's second biggest consumer of many raw materials, which had kept activity subdued, with worries about the economic outlook weighing on sentiment.

Copper, for which China is the world's largest consumer, dipped to a near three-week low at $8,125.25 a metric ton (1.1023 tons) on the London futures market. Benchmark tin and nickel also touched three-week lows.

Gold managed to edge away from six-month lows as jewelers in China returned to the physical market after the Lunar New Year holiday but a lack of demand from U.S. markets saw the precious metal slip back to be down 0.1 percent to $1,607.06 an ounce.

Crude oil markets were mostly steady after the weak U.S. industrial production data on Friday [ID:nL1N0BF44A] was seen dampening demand, while tensions in the Middle East lent some support.

"We continue to see a mixed picture out of the United States. Industry output was lower than expected but that shouldn't affect the general upward direction," Olivier Jakob, analyst at Geneva-based Petromatrix, said.

Brent crude was down 20 cents at $117.46 a barrel after posting its first weekly loss since the first half of January. U.S. crude slipped 24 cents to $95.62.

(Additional reporting by Marius Zaharia and Ron Bousso; Editing by Philippa Fletcher and Alastair Macdonald)

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Blasts Across Baghdad Kill at Least 21 People

BAGHDAD — A wave of attacks in Shiite neighborhoods in Baghdad killed at least 21 people and wounded 125 on Sunday, a security official said.

Four car bombs exploded in a market, a bus station and on a major road in the Sadr City district, killing seven people and wounding more than 30 others, officials said.

More people were killed and dozens were wounded when car bombs were set off in a market in Husseiniya, northeast of Baghdad; in the southeastern Baghdad neighborhood of Al Ameen; and in the Kamaliya area in Baghdad’s eastern suburbs.

In the central Baghdad neighborhood of Karrada, near the Babil Hotel, a roadside bomb killed one person and wounded five others.

No group immediately claimed responsibility for the attacks, but Sunni extremists have stepped up their efforts to undermine the Shiite-led government and stoke sectarian divisions since the beginning of the year. More than 200 people have been killed in attacks across Iraq since January.

Sunnis, who are a minority in Iraq, complain of discrimination by officials and accuse Prime Minister Nuri Kamal al-Maliki and his political allies of seeking to monopolize power before the provincial elections this spring.

The government’s arrests of a Sunni politician’s bodyguards in December set off weekly protests in several Iraqi cities. But the protesters have rejected calls for violence and have distanced themselves from extremist groups.

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See Mementos from the John F. Kennedy Auction

Fifty years after JFK's death, a cache of rare mementos from his closest aide goes on sale Feb. 17 at John McInnis Auctioneers

Credit: David F. Powers Estate/John Mcinnis Auctioneers

Updated: Saturday Feb 16, 2013 | 06:00 AM EST

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G20 steps back from currency brink, heat off Japan

MOSCOW (Reuters) - The Group of 20 nations declared on Saturday there would be no currency war and deferred plans to set new debt-cutting targets, underlining broad concern about the fragile state of the world economy.

Japan's expansive policies, which have driven down the yen, escaped direct criticism in a statement thrashed out in Moscow by policymakers from the G20, which spans developed and emerging markets and accounts for 90 percent of the world economy.

Analysts said the yen, which has dropped 20 percent as a result of aggressive monetary and fiscal policies to reflate the Japanese economy, may now continue to fall.

"The market will take the G20 statement as an approval for what it has been doing -- selling of the yen," said Neil Mellor, currency strategist at Bank of New York Mellon in London. "No censure of Japan means they will be off to the money printing presses."

After late-night talks, finance ministers and central bankers agreed on wording closer than expected to a joint statement issued last Tuesday by the Group of Seven rich nations backing market-determined exchange rates.

A draft communiqué on Friday had steered clear of the G7's call for economic policy not to be targeted at exchange rates. But the final version included a G20 commitment to refrain from competitive devaluations and stated monetary policy would be directed only at price stability and growth.

"The mood quite clearly early on was that we needed desperately to avoid protectionist measures ... that mood permeated quite quickly," Canadian Finance Minister Jim Flaherty told reporters, adding that the wording of the G20 statement had been hardened up by the ministers.

As a result, it reflected a substantial, but not complete, endorsement of Tuesday's proclamation by the G7 nations - the United States, Japan, Britain, Canada, France, Germany and Italy.

As with the G7 intervention, Tokyo said it gave it a green light to pursue its policies unchecked.

"I have explained that (Prime Minister Shinzo) Abe's administration is doing its utmost to escape from deflation and we have gained a certain understanding," Finance Minister Taro Aso told reporters.

"We're confident that if Japan revives its own economy that would certainly affect the world economy as well. We gained understanding on this point."

Flaherty admitted it would be difficult to gauge if domestic policies were aimed at weakening currencies or not.

NO FISCAL TARGETS

The G20 also made a commitment to a credible medium-term fiscal strategy, but stopped short of setting specific goals as most delegations felt any economic recovery was too fragile.

The communiqué said risks to the world economy had receded but growth remained too weak and unemployment too high.

"A sustained effort is required to continue building a stronger economic and monetary union in the euro area and to resolve uncertainties related to the fiscal situation in the United States and Japan, as well as to boost domestic sources of growth in surplus economies," it said.

A debt-cutting pact struck in Toronto in 2010 will expire this year if leaders fail to agree to extend it at a G20 summit of leaders in St Petersburg in September.

The United States says it is on track to meet its Toronto pledge but argues that the pace of future fiscal consolidation must not snuff out demand. Germany and others are pressing for another round of binding debt targets.

"We had a broad consensus in the G20 that we will stick to the commitment to fulfill the Toronto goals," German Finance Minister Wolfgang Schaeuble said. "We do not have any interest in U.S.-bashing ... In St. Petersburg follow-up-goals will be decided."

The G20 put together a huge financial backstop to halt a market meltdown in 2009 but has failed to reach those heights since. At successive meetings, Germany has pressed the United States and others to do more to tackle their debts. Washington in turn has urged Berlin to do more to increase demand.

Backing in the communiqué for the use of domestic monetary policy to support economic recovery reflected the U.S. Federal Reserve's commitment to monetary stimulus through quantitative easing, or QE, to promote recovery and jobs.

QE entails large-scale bond buying -- $85 billion a month in the Fed's case -- that helps economic growth but has also unleashed destabilising capital flows into emerging markets.

A commitment to minimize such "negative spillovers" was an offsetting point in the text that China, fearful of asset bubbles and lost export competitiveness, highlighted.

"Major developed nations (should) pay attention to their monetary policy spillover," Vice Finance Minister Zhu Guangyao was quoted by state news agency Xinhua as saying in Moscow.

Russia, this year's chair of the G20, admitted the group had failed to reach agreement on medium-term budget deficit levels and expressed concern about ultra-loose policies that it and other emerging economies say could store up trouble for later.

On currencies, the G20 text reiterated its commitment last November, "to move more rapidly toward mores market-determined exchange rate systems and exchange rate flexibility to reflect underlying fundamentals, and avoid persistent exchange rate misalignments".

It said disorderly exchange rate movements and excess volatility in financial flows could harm economic and financial stability.

(Additional reporting by Gernot Heller, Lesley Wroughton, Maya Dyakina, Tetsushi Kajimoto, Jan Strupczewski, Lidia Kelly, Katya Golubkova, Jason Bush, Anirban Nag and Michael Martina. Writing by Douglas Busvine. Editing by Timothy Heritage/Mike Peacock)

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UN warns risk of hepatitis E in S. Sudan grows

GENEVA (AP) — The United Nations says an outbreak of hepatitis E has killed 111 refugees in camps in South Sudan since July, and has become endemic in the region.

U.N. refugee agency spokesman Adrian Edwards says the influx of people to the camps from neighboring Sudan is believed to be one of the factors in the rapid spread of the contagious, life-threatening inflammatory viral disease of the liver.

Edwards said Friday that the camps have been hit by 6,017 cases of hepatitis E, which is spread through contaminated food and water.

He says the largest number of cases and suspected cases is in the Yusuf Batil camp in Upper Nile state, which houses 37,229 refugees fleeing fighting between rebels and the Sudanese government.

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Some Chinese Are Souring on Being North Korea’s Best Friend

Eugene Hoshiko/Associated Press

A billboard showing Mao Zedong, right, and North Korea’s founding father, Kim Il-sung, near the China-North Korea border.

YANJI CITY, China — Beds shook and teacups clattered in this town bordering North Korea, less than 100 miles from the site where the North said it detonated a nuclear test that exploded midmorning in the midst of Chinese New Year festivities.

At home and abroad, China has long been regarded as North Korea’s best friend, but at home that sense of fraternity appears to be souring as ordinary people express anxiety about possible fallout from the test last Tuesday. The fact that North Korea detonated the device on a special Chinese holiday did not sit well, either.

Among Chinese officials, the mood toward the young North Korean leader, Kim Jong-un, has darkened. The Chinese government is reported by analysts to be wrestling with what to do about a man who, in power for a little more than a year, thumbed his nose at China by ignoring its appeals not to conduct the country’s third nuclear test, and who shows no gratitude for China’s largess as the main supplier of oil and food.

“The public does not want China to be the only friend of an evil regime, and we’re not even recognized by North Korea as a friend,” said Jin Qiangyi, director of the Center for North and South Korea Studies at Yanbian University in Yanji City. “For the first time the Chinese government has felt the pressure of public opinion not to be too friendly with North Korea.”

With its site near the border, Yanji City has long been a hub of North Korean affairs inside China, and people here have a relatively good understanding of their opaque and recalcitrant neighbor. This is often where desperate defectors from the impoverished police state first seek shelter, where legal and illegal cross-border trade thrives, and where much of the population has roots in North Korea.

That familiarity breeds mixed attitudes. There is tolerance among some toward the regime — mostly from those who profit financially. But there is also great anger among many ethnic Korean Chinese about the almost incalculable suffering of the people living under the Kim dynasty, which relies on gulags to deal with even the glimmers of dissent and where years of failed economic policies have left many people near the edge of starvation.

The test detonated at Punggye-ri in northeastern North Korea last week was considerably more powerful than its first nuclear test in 2006 and as large as, or larger than, one in 2009, according to Western and Chinese experts. It remained unclear whether the test was fueled by plutonium or uranium; a uranium test would exacerbate tensions, suggesting the North had a new and faster way of building its nuclear fuel stockpile.

But to some Chinese, the technicalities seem irrelevant.

In postings on Weibo, China’s equivalent of Twitter, people asked about the possible dangers of radioactive fallout from a nuclear test. Many said they were dissatisfied by assurances from the Ministry of Environmental Protection that it had checked for radiation at various border areas after the blast and announced that the levels were normal.

“I’m worried about radiation,” said a 26-year-old woman as she served customers in a bookstore here. “My family lives in the mountains close to the border. They felt the bed shake on the day of the test. I have no idea whether it is safe or not, though the government says it is.”

There are growing uncertainties among at least some of China’s foreign policy experts, too. In the aftermath of the test, a prominent Chinese political scientist with a penchant for provocative ideas, Shen Dingli at Fudan University in Shanghai, wrote on the Web site of Foreign Policy, based in Washington, that it was time for China “to cut its losses and cut North Korea loose.”

Other experts suggested the test could worsen relations between the North and China and urged China’s new leadership to consider taking a tougher stance to curb the North’s nuclear weapons program, which appears to be advancing after some early technical difficulties.

Such opinions, coupled with new worries among some ordinary Chinese people, pose a problem for the new Chinese leader, Xi Jinping, according to Mr. Jin, who often goes to Beijing to participate in policy discussions about North Korea.

.

If China decides to go along with the United States’ calls for much more stringent sanctions than exist now, there are fears among China’s policy makers that the North’s government would collapse, possibly setting the stage for mayhem on the border and a reunification of Korea as an American ally. But if China maintains the status quo, it could face mounting criticism among its own citizens.

If it decided to take a harder stance, China could punish North Korea by curtailing its oil shipments, by far the major source of fuel in the energy-starved North, Mr. Jin said.

Mia Li contributed research.

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Stories You Loved: Mariska Hargitay Loves Her Curves from Motherhood

02/16/2013 at 02:30 PM EST

Mariska Hargitay

Courtesy Ladies Home Journal

In another week of tragedy, it was a breath of fresh air to read something lighthearted, like Mariska Hargitay's outlook on her body after baby.

Readers loved the reason why the Law & Order: Special Victims Unit star, 49, embraces her curves.

"I love my curves because they scream, 'I'm a mama!' " the actress said. "I'm the girl who started wearing maternity pants about an hour after I found out I was pregnant because I was so excited about becoming a mom."

Curves aside, Hargitay acknowledges that she no longer has the body she had when she was younger, but she's just fine with it.

"Things are sagging a bit – I'm not going to lie," she says. "But am I going to be upset about the sag or am I going to look at my three gorgeous kids and my husband and count my lucky stars? I try to focus on who I am rather than who I'm not."

For the full story, click here.

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G20 steps back from currency brink, heat off Japan

MOSCOW (Reuters) - The Group of 20 nations declared on Saturday there would be no currency war and deferred plans to set new debt-cutting targets, underlining broad concern about the fragile state of the world economy.

Japan's expansive policies, which have driven down the yen, escaped direct criticism in a statement thrashed out in Moscow by policymakers from the G20, which spans developed and emerging markets and accounts for 90 percent of the world economy.

Analysts said the yen, which has dropped 20 percent as a result of aggressive monetary and fiscal policies to reflate the Japanese economy, may now continue to fall.

"The market will take the G20 statement as an approval for what it has been doing -- selling of the yen," said Neil Mellor, currency strategist at Bank of New York Mellon in London. "No censure of Japan means they will be off to the money printing presses."

After late-night talks, finance ministers and central bankers agreed on wording closer than expected to a joint statement issued last Tuesday by the Group of Seven rich nations backing market-determined exchange rates.

A draft communiqué on Friday had steered clear of the G7's call for economic policy not to be targeted at exchange rates. But the final version included a G20 commitment to refrain from competitive devaluations and stated monetary policy would be directed only at price stability and growth.

"The mood quite clearly early on was that we needed desperately to avoid protectionist measures ... that mood permeated quite quickly," Canadian Finance Minister Jim Flaherty told reporters, adding that the wording of the G20 statement had been hardened up by the ministers.

As a result, it reflected a substantial, but not complete, endorsement of Tuesday's proclamation by the G7 nations - the United States, Japan, Britain, Canada, France, Germany and Italy.

As with the G7 intervention, Tokyo said it gave it a green light to pursue its policies unchecked.

"I have explained that (Prime Minister Shinzo) Abe's administration is doing its utmost to escape from deflation and we have gained a certain understanding," Finance Minister Taro Aso told reporters.

"We're confident that if Japan revives its own economy that would certainly affect the world economy as well. We gained understanding on this point."

Flaherty admitted it would be difficult to gauge if domestic policies were aimed at weakening currencies or not.

NO FISCAL TARGETS

The G20 also made a commitment to a credible medium-term fiscal strategy, but stopped short of setting specific goals as most delegations felt any economic recovery was too fragile.

The communiqué said risks to the world economy had receded but growth remained too weak and unemployment too high.

"A sustained effort is required to continue building a stronger economic and monetary union in the euro area and to resolve uncertainties related to the fiscal situation in the United States and Japan, as well as to boost domestic sources of growth in surplus economies," it said.

A debt-cutting pact struck in Toronto in 2010 will expire this year if leaders fail to agree to extend it at a G20 summit of leaders in St Petersburg in September.

The United States says it is on track to meet its Toronto pledge but argues that the pace of future fiscal consolidation must not snuff out demand. Germany and others are pressing for another round of binding debt targets.

"We had a broad consensus in the G20 that we will stick to the commitment to fulfill the Toronto goals," German Finance Minister Wolfgang Schaeuble said. "We do not have any interest in U.S.-bashing ... In St. Petersburg follow-up-goals will be decided."

The G20 put together a huge financial backstop to halt a market meltdown in 2009 but has failed to reach those heights since. At successive meetings, Germany has pressed the United States and others to do more to tackle their debts. Washington in turn has urged Berlin to do more to increase demand.

Backing in the communiqué for the use of domestic monetary policy to support economic recovery reflected the U.S. Federal Reserve's commitment to monetary stimulus through quantitative easing, or QE, to promote recovery and jobs.

QE entails large-scale bond buying -- $85 billion a month in the Fed's case -- that helps economic growth but has also unleashed destabilising capital flows into emerging markets.

A commitment to minimize such "negative spillovers" was an offsetting point in the text that China, fearful of asset bubbles and lost export competitiveness, highlighted.

"Major developed nations (should) pay attention to their monetary policy spillover," Vice Finance Minister Zhu Guangyao was quoted by state news agency Xinhua as saying in Moscow.

Russia, this year's chair of the G20, admitted the group had failed to reach agreement on medium-term budget deficit levels and expressed concern about ultra-loose policies that it and other emerging economies say could store up trouble for later.

On currencies, the G20 text reiterated its commitment last November, "to move more rapidly toward mores market-determined exchange rate systems and exchange rate flexibility to reflect underlying fundamentals, and avoid persistent exchange rate misalignments".

It said disorderly exchange rate movements and excess volatility in financial flows could harm economic and financial stability.

(Additional reporting by Gernot Heller, Lesley Wroughton, Maya Dyakina, Tetsushi Kajimoto, Jan Strupczewski, Lidia Kelly, Katya Golubkova, Jason Bush, Anirban Nag and Michael Martina. Writing by Douglas Busvine. Editing by Timothy Heritage/Mike Peacock)

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UN warns risk of hepatitis E in S. Sudan grows

GENEVA (AP) — The United Nations says an outbreak of hepatitis E has killed 111 refugees in camps in South Sudan since July, and has become endemic in the region.

U.N. refugee agency spokesman Adrian Edwards says the influx of people to the camps from neighboring Sudan is believed to be one of the factors in the rapid spread of the contagious, life-threatening inflammatory viral disease of the liver.

Edwards said Friday that the camps have been hit by 6,017 cases of hepatitis E, which is spread through contaminated food and water.

He says the largest number of cases and suspected cases is in the Yusuf Batil camp in Upper Nile state, which houses 37,229 refugees fleeing fighting between rebels and the Sudanese government.

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Indian Troops Kill Pakistani Soldier in Kashmir Border Clash

NEW DELHI — Indian troops have shot and killed another Pakistani soldier at the de facto border between the two countries in Kashmir, adding to an unusually tense period in the disputed region.

A statement released Friday by the Indian Army said that Indian soldiers saw an intruder at 3 p.m. on Thursday in the Nowshera sector of the so-called Line of Control separating the Indian- and Pakistani-held parts of Kashmir. The Indian soldiers challenged the intruder, who “opened indiscriminate fire,” wounding two soldiers, the statement said. The soldiers returned fire and later found a dead Pakistani soldier in uniform, it said.

On Friday at 10 a.m., Pakistani commanders called their Indian counterparts and asked for the body to be returned, according to the Indian statement.

“Acceding to this request,” the statement said, “the dead body was returned to Pakistan Army personnel in the same sector in the evening with military respects.”

A Pakistani military official sent a text message to reporters on Friday saying that the soldier had accidentally crossed the boundary, The Associated Press reported.

The A.P. report said the Pakistani military later issued a statement accusing the Indian troops of killing the soldier after he had explained his mistake.

“We condemn such an inhuman and brutal act of killing our soldier after he had identified himself and explained his position,” the statement said, according to The A. P.

Last month, three Pakistani soldiers and two Indian soldiers were killed at the border, and one of the Indian soldiers was beheaded. The killings heightened tensions between the two nuclear-armed countries to their worst since they agreed to a cease-fire in 2003. The two countries have been in conflict over Kashmir almost since their founding in 1947.

Border skirmishes are not the only immediate problem in Kashmir. Last weekend, Indian authorities executed Mohammed Afzal, known as Afzal Guru, a Kashmiri who was convicted of participating in a 2001 attack on India’s Parliament. Many in Kashmir believe that Mr. Afzal did not receive a fair trial, and have expressed outrage over the timing and circumstances of his execution.

Indian officials put a curfew in place following the execution. Nevertheless, as many as 25 protests have flared around the Indian-held parts of Kashmir, and there have been at least 110 arrests. The region is predominantly Muslim, and curfew was tightened Friday, the Muslim day of prayer, and many of the major mosques in Srinagar, the main city, were closed Friday.

The week before the execution, a Kashmiri girls’ rock band decided to disband after threats against the members were posted on social media sites and a top Muslim cleric asked that they stop performing.

Hari Kumar contributed reporting.

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