Markets & Finance

Tech Stocks Give Canada Shares a Lift


Canada's benchmark TSE 300 index closed up 76.9 points to 7600.1, following a 17-day, 771-point plunge. Of the 14 subindices, eight closed up and key stock Nortel closed basically flat. The U.S. indices closed well off their session highs, a drag and spot gold dropped US$3.10 a weight. The gold and precious minerals issues lead the other six subindices lower, while the tech-laden industrial products sector climbed two percent. S&P thinks the risk is for the TSE 300 to resume its downtrend as early as Friday.

Europe markets ended higher on the heels of a Fed-sparked U.S. rally. In London, the Financial Times-Stock Exchange 100 index finished higher by 30.50 points, or 0.54%, to 5,638.40. In Germany, the DAX Index ended up 138.67 points, or 2.38%, to 5,971.77. In France, the CAC 40 ended up 75.84 points, or 1.50%, to 5,133.56.

Asia stocks finished mixed. Japan's Nikkei index shed 149.10 points, or 1.16%, to 12,679.88. In Hong Kong, the Hang Seng index lost 176.39 points, or 1.36%, to 12,827.82.


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