Markets & Finance

Europe Stocks Drop at Close

European stock markets ended lower Friday. London's FTSE index was down 28.8 points, or 0.74%, to 3,870.2, as UK first-quarter GDP rose a less than expected 0.2%. In Frankfurt, the DAX index decreased 53.39 points, or 1.85%, to 2,838.23. The biggest contributors to the decline in the index were Deutsche Bank, DaimlerChrysler, Volkswagen, Siemens, and SAP. In Paris, the CAC 40 index lost 36.3 points, or 1.25%, to 2,866.74.

In Asia, Japan's Nikkei 225 index finished Friday's session lower by 155.07 points, or 1.97%, at 7,699.5. Sony's weak fiscal 2003 forecasts disappointed investors and sent the index to a fresh post-bubble low. Meanwhile, Hong Kong's benchmark Hang Seng index lost 33.1 points, or 0.39%, to 8,409.01, as the SARS outbreak continued to weigh. Airline Cathay Pacific hit a 17-month low amid the continued plunge in travel.

Canada's benchmark S&P/TSX fell 39.86 points, or 0.61%, to 6,521.69.

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