Europe Stocks Stumble
European markets fell. In London, the Financial Times-Stock Exchange 100 index dropped 111.70 points, or 2.10%, to 5,204.30 on a string of disappointing economic reports including word that British industrial production fell 0.5% in July. In France, the CAC 40 was down 90.81 points, or 1.99%, to 4,480.75. In Germany, the DAX Index fell 172.71 points, or 3.42%, to 4,875.37.
Canada's benchmark TSE 300 closed down 31.7 points to 7416, as technology and telecommunications-related stocks fueld worries that slowing economic growth and falling profits were still not factored into stock market prices. Nine of the TSE 300's 14 subindices fell, while five gained.
Asian markets ended mixed. The Nikkei rose 51.54 points, or 0.49%, to 10,650.33, bouncing back from excessively oversold conditions. In Hong Kong, the market shed 278.82 points, or 2.55%, to 10,664.32.
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