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Markets & Finance

Canada Stocks Finish Lower

Canada's benchmark S&P/TSX fell 68.31 points, or 1.10%, to 6,111.11.

European markets closed mixed. In London, the Financial Times-Stock Exchange 100 index was up 56.60 points, or 1.47%, to 3,907.20, as UK consumer confidence rose to 4 in September from 2 in August, and second quarter GDP rose 0.6%.

In France, the CAC 40 was lower by 10.94 points, or 0.37%, to 2,950.52, as the French unemployment rate remained at 22-month high of 9%.

And in Germany, the DAX Index fell 101.70 points, or 3.37%, to 2,918.90, taking a cue from U.S. equities, although there was some disappointment that the government plans to raise taxes on corporate asset sales.

In Asia, the markets finished with gains. The Nikkei surged 209.52 points, or 2.25%, to 9,530.44, led by the banking sector. Shares of major banks soared on expectations the government will infuse public funds into the banking system.

In Hong Kong, the market added 23.75 points, or 0.26%, to 9,294.46.

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