Markets & Finance

European Stocks End Lower


European stock markets were lower. London's Financial Times-Stock Exchange 100 index fell 28.2 points, or 0.66%, to 4,263.9. In Paris, the CAC 40 was down 34.46 points, or 1%, to 3,375.26. Germany's DAX index lost 47.13 points, or 1.3%, to 3,594.4.

Asian markets finished mixed. In Japan, the Nikkei 225 index jumped 238.28 points, or 2.23%, to a fresh 14-month high of 10,922.04. Tuesday's gains came following Wall Street's gains overnight and Morgan Stanley putting an "overweight" recommendation on Japan. Morgan Stanley's chief economist Stephen Roach reportedly predicted that the fair value of Japanese stocks should be approximately 10% above current prices. Big tech firms led the rally.

In Hong Kong, the Hang Seng index fell 118.46 points, or 1.06%, to 11,046.82.


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