Markets & Finance

Europe Stocks End Mostly Lower


European stock markets ended mostly lower on Tuesday, and lacking any other significant corporate news, the downbeat Unilever results from Monday continued to weigh. London's FTSE 100 index was down 27.00 points, or 0.66%, at 4,060.90. Shares of the Swiss engineering company, ABB, were down after a U.S. court approved an asbestos settlement -- $1.3 billion -- against the company late on Monday.

In Paris, the CAC-40 index closed down 15.90 points, or 0.51%, at 3,103.34. In Frankfurt, the DAX index closed 30.95 points higher, or 0.97%, at 3,217.34.

Asian markets finished lower on Tuesday. Japan's Nikkei 225 index backed across the 9,000 mark in its biggest one-day decline in three months, closing down 217.88 points, or 2.38%, to 8,919.26. Major bank stocks fell, such as UFJ Holdings, which lost 4.32%; Sumitomo Mitsui FG, which shed 4.53%; and Mizuho FG, down 3.92%. Blue-chips and high-tech shares were down across the board, such as Honda Motor, which lost 5.3%; Sony, down 3.5%; Nikon, down 2.3%; and NTT DoCoMo, which finished the day down 3.3%.

Profit taking continued on Hong Kong's benchmark Hang Seng index. Stocks fell 104.94 points, or 1.08%, to 9,629.35.

Canada's benchmark S&P/TSX fell 25.78 points, or 0.37%, to 6,988.88.


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