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Markets & Finance

Canadian Shares Give up Gains

Canada's benchmark TSE 300 index made a new 2002 high of 7901 on Tuesday but could not hold onto the gains made in morning dealings. It ended the session lower by 6.97 points to 7,855.8. U.S. indexes were also very choppy but the positive technical posture of the TSE 300 favours continued gains, according to S&P MarketScope.

European stock markets closed lower. In London, the FTSE 100 index was off 0.53%, at 5,214.00 in a bit of profit taking from recent gains.

In Germany, the DAX index was down 0.31% to 5,229.76 as the German services index rose to 49.8 in February but remained under the 50 level that would indicate recovery.

In France, the CAC 40 eased 0.58% to 4,580.75.

Asian markets ended mixed. In Japan, the Nikkei yielded 101.77 points, or 0.89%, to 11,348.45 as profit-taking in exporter shares brought an end to a four-day streak that had pushed the Nikkei 225 up 12.2% and the broad TOPIX up 9.7%.

In Hong Kong, the Hang Seng jumped 281.72 points, or 2.63% to 10,985.84.

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