Canada Stocks Soar at Close

Europe stocks advance; Asia markets sink

Canada's benchmark S&P/TSX rose 66.81 points, or 1.07%, to 6,295.44.

European stocks rose from 6-year lows hit earlier this week. Royal Philips Electronics climbed after saying it will shed jobs to cut costs, and Fortis gained as the financial company said it will pay a dividend in cash, not shares.

In London, the Financial Times-Stock Exchange 100 index climbed 199.90 points, or 6.08%, to 3,486.10. In Germany, the DAX index rose 151.35 points, or 6.87%, to 2,354.31, while France's CAC 40 index gained 151.67 points, or 6.31%, to 2,554.71.

Asian markets , however, fell about 1%. In Tokyo, the Nikkei 225 index finished down 74.48 points, or 0.94%, to close at 7,868.56, after reaching a 20-year low point earlier this week.

In Hong Kong, the benchmark Hang Seng index fell 87.54 points, or 0.99%, to close at 8,787.45.

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