Asian Markets End Mixed
Asian markets ended mixed. The Nikkei dropped 59.41 points, or 0.54%, to 10,802.15, as weakness in technology issues overshadowed strength in both bank and telecom shares. In Hong Kong, the market edged higher by 23.62 points, or 0.23%, to 10,243.46.
Canada's benchmark TSE 300 continued to trade under bearish pressure. Tuesday's bearish reversal and the negative bias in most U.S. equity indices are pressured. The underlying technical posture is bearish and the earnings outlook remains clouded with much uncertainty and key earnings annoucements from the likes of JDS Uniphase this week.
European markets were mixed. In London, the Financial Times-Stock Exchange 100 index closed off 0.49% at 5,167.60. In France, the CAC 40 index was up 30.59 points, or 0.69%, to 4,486.35. In Germany, the DAX index climbed 2.29%, to 4,811.82, as banking shares surged on hopes of a quarter-point interest rate cut from the European Central Bank on Thursday.