Markets & Finance

Canada Shares End Lower

Posted on May 16, 2002

Canada's benchmark S&P/TSX composite index lost 11.08 points, or 0.14%, to end Friday's session at 7,727.03.

European stock markets were lower. S&P notes that energy shares were the worst performers Friday on news that Russia will continue to pump oil. In London, the Financial Times-Stock Exchange 100 ended with a loss of 30.50 points, or 0.58%, to 5218.00.

In Germany, the DAX Index lost 22 points, or 0.4%, to 5,025. And in France, the CAC 40 fell 23.42 points, or 0.52%, to 4,442.94.

In Asia, the markets ended higher. In Japan, the Nikkei rose 108.63 points, or 0.93%, to close at 11,847.32, led by tech stocks such as NEC and Sony. Optimism rose over the earnings outlook for the technology sector following strong financial results from Dell and the rise in the April book-to-bill ratio.

In Hong Kong, the Hang Seng gained 141.84 points, or 1.20%, to close at 11,974.61.

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