Markets & Finance

Europe Stocks Close Mostly Lower


European stocks finished mostly lower Tuesday, with DaimlerChrysler and Telecom Italia leading losses. London's Financial Times-Stock added 3.90 points, or 0.09%, to 4,345.70, with little reaction to report Britain's September trade gap widened to 2.2 billion pounds from 1.7 billion in August.

In Paris, the CAC 40 fell 19.14 points, or 0.56%, to 3,406.05. Germany's DAX index lost 16.37 points, or 0.44%, to 3,729.87, ignoring reports ZEW consumer confidence rose to a 16-month high and September exports rose 5.3% due to increased U.S. demand.

Asian markets finished down sharply as investors interpreted a tech-led decline in the U.S. as a sign that economic recovery is already priced into the market. Japan's Nikkei 225 index fell 297.50 points, or 2.83%, to finish at 10,207.04. Hong Kong's Hang Seng index lost 153.06 points, or 0.26%, to 12,003.62.

Canada's benchmark S&P/TSX fell 43.22 points, or 0.55%, to 7,772.24.


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