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Markets & Finance

Techs Hurt Canada Shares


Canada's benchmark S&P/TSX fell 31.52 points to 7,568.02 amid another slump in technology shares.

European stock markets ended solidly lower.

In France, the CAC 40 fell 161.27 points, or 3.82%, to 4,065.88. Selling was prompted by the weak performance in U.S. equities, which overshadowed news that the French purchasing managers' index rose to 52.8 in May from 51.7 in April.

And in Germany, the DAX Index lost 122.16 points, or 2.57%, to 4,625.79, even though German May purchasing managers' index rose to 49.7 from 49.1 in April. Traders also were restrained by the weakness in U.S. stocks.

In London, the markets were closed for the second day of a two-day holiday celebrating the Queen's Jubilee. Trading will resume Wednesday. On Friday, the Financial Times-Stock Exchange 100 index finished up 44.30 points, or 0.88%, to 5,085.10.

In Asia, the markets ended with losses. The Nikkei plunged 248.32 points, or 2.09%, to 11,653.07. Stocks deepened losses in the afternoon, led by exporter shares on growing pessimism over the global stock market. In Hong Kong, the market lost 47.25 points, or 0.42%, to 11,312.55.


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