World Markets End on Mixed Note

U.S. equity losses drag global tech shares lower

European markets were mixed the U.S. were lower. In London, the Financial Times-Stock Exchange 100 index was off 39 points, or 0.75%, to 5,164.60 as the November CIPS Manufacturing Index fell to 45.6 from 46.5, the ninth consecutive monthly decline. In France, the CAC 40 was off 12.22 points, or 0.27%, to 4,463.84. Germany's DAX Index eased 1,47 points, or 0.03%, to 4,988.44.

Asian markets closed lower. In Japan, the Nikkei sank 326.82 points, or 3.06%, to 10,370.62 after steep losses in financial and technology shares sent the market lower, reflecting uncertainty over the U.S. economy and concern over Japan's financial system. Hong Kong's Hang Seng index eased 124.10 points, or 1.10%, at 11,155.15.

Canada's TSE 300 spent the day trading with a loss and closed down 50.9 points to 7374.8. Negative U.S. indices were a drag and the technical posture of the TSE 300 is weak. However, the TSE 300 did slide into the very wide 7316/62 support zone and 7346 was it. US$3 bounce in gold and gains in the oil sector were supports (Gold and Oil subindices led 7 subindices higher on Monday). Very bearish daily momentum studies warn of continued pressure on the 7316/62 region.

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