Markets & Finance

Europe Markets End Lower

European stock markets finished lower on Monday following negative corporate news. London's FTSE 100 index was down 77.4 points, or 1.86%%, at 4,082.70 after some disappointing news from brewer Heineken, which announced that its sales are lagging, while Lloyds TSB net interest margin narrowed.

In Paris, the CAC-40 index lost 70.87 points, or 2.22%, to finish at 3,119.24. In Frankfurt, the DAX index closed down 49.38 points, or 1.52%, at 3,189.60.

Asian markets finished mixed on Monday. Japan's Nikkei 225 index closed up 16.75 points, or 0.18%, to 9,137.14. High-tech and blue-chip shares fell on profit taking, such as Tokyo Electron, which lost 0.94%; Advantest, which lost 1.76%); Sony, down 1.99%; and Nissan Motor, which closed down 1.45%. Meanwhile, investors shifted to bank stocks and large-cap issues. Nippon Steel, one of such beneficiaries, jumped 3.92%.

Hong Kong's benchmark Hang Seng index fell 196.02 points, or about 2%, to 9,734.29.

Canada's benchmark S&P/TSX fell 56.25 points, or 0.80%, to 7,014.66.

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