Markets & Finance

Europe Markets End Lower


European stock markets were trading lower after the dollar sank against the euro and the yen. London's Financial Times-Stock Exchange 100 index fell 51.4 points, or 1.24%, to 4,091.3. In Paris, the CAC 40 lost 53.72 points, or 1.68%, to 3,134.99. Germany's DAX index declined 66.6 points, or 2%, to 3,256.78.

Asian markets finished mixed Tuesday. In Japan, the Nikkei 225 index fell 10.52 points, or 0.1%, to close at 10,219.05. The market opened higher, partly encouraged by the apparent yen selling intervention by the Ministry of Finance and Bank of Japan. The U.S. dollar to yen rose to around 112.10. However, the impact was short-lived, and the dollar-yen dipped to below 111 by late afternoon. The late afternoon plunge was mainly due to technical selling on certain shares to be excluded from the Nikkei in the coming index reshuffle, says Standard & Poor's MarketScope.

In Hong Kong, the Hang Seng index gained 88.59 points, or 0.8%, to close at 11,229.87.

Canada's benchmark S&P/TSX fell 24.49 points, or 0.33%, to 7,421.13.


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