European markets moved lower amid downgrades in banks and continued concerns about shabby profits at tech companies. In London, the Financial Times 100 Index finished off 76.00 points, or 1.39% to 5,391.90. In France, the CAC 40 finished down 58.72 points, or 1.18%, to 4,914.68. Germany's DAX Index dropped 14.52 points, or 0.25%, to 5,801.80.
Asian markets ended lower. In Japan, the Nikkei Index tumbled 295.30 points, or 2.40%, to close at 12,005.11. The Japanese market was hit by comments from technology firms abroad, a suffering economy at home and selloffs in tech concerns such as Hitachi Ltd. Meanwhile, Hong Kong's Hang Seng Index ended off 186.00 points, or 1.46% to finish at 12,527.90.