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Markets & Finance

Bargain Hunting Boosts Nikkei


Asian markets ended up. The Nikkei was up 108.70 points, or 0.97%, to 11,275.01, on gains in bank shares and general bargain-hunting largely from foreign investors. In Hong Kong, the market added 124.11 points, or 1.12%, to 11,234.72.

European markets ended mixed. In France, the CAC 40 was down 10.77 points, or 0.22%, to 4,905.79. In Germany, the DAX Index gained 18.97 points, or 0.35%, to 5,406.47. In London, the markets were closed for a bank holiday. On Friday, the Financial Times-Stock Exchange 100 index added 75.40 points, or 1.40%, to 5,471.90.

Canada's benchmark TSE 300 enjoyed a bullish reversal and closed up 32.3 points to 7662.3. Eight of the subindexes closed up -- lead by financial issues. Oil and gas shares lead the other six subindices lower.


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