Markets & Finance

Europe Stocks End Lower


European stocks ended lower. London's Financial Times-Stock Exchange 100 index finished down 48.50 points, or 1.15%, at 4,177.40, following lackluster performance in the U.S. In Paris, the CAC 40 lost 34.67 points, or 1.05% at 3,256.69. Germany's DAX index was down 56.90 points, or 1.63% at 3,443.19, despite the Ifo Business Confidence index rising to a 14-month high.

Asian markets finished mixed. Japan's Nikkei 225 index added 55.93 points, or 0.54%, to finish at 10,332.57. The market was trading weaker in the morning, due to continuous profit taking in banks, construction, and brokerage firms. Selling by corporate pension funds, those planning to return the substitute investment portion to the government as early as September, were also reported. However, the market started to recover in the afternoon.

In Hong Kong, the Hang Seng index shed 10.29 points, or 0.10%, to close at 10,753.93.

Canada's benchmark S&P/TSX added 1.67 points, or 0.02%, to 7,442.82.


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