International markets roundup

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A roundup of trading on major world markets:

NEW YORK – Wall Street was closed on Friday for a public holiday.

LONDON – Europe’s main stock markets slipped with all eyes on Greece’s weekend referendum on its bailout terms and future place in the eurozone.

In the eurozone, the CAC 40 in Paris closed down 0.57 per cent to 4,808.22 points on Friday and Frankfurt’s DAX 30 declined 0.37 per cent to 11,058.39 points amid the uncertainty over the outcome of the Greek referendum which the latest opinion polls say is too close to call.

Outside the eurozone, London’s benchmark FTSE 100 index of top companies fell 0.67 per cent to end the day at 6,585.78 points.

The euro dropped below $US1.10 earlier before recovering slighting to $US1.1098 from $US1.1086 late in New York on Thursday.

HONG KONG – Asian markets mostly retreated ahead of the weekend’s Greek referendum that could decide its eurozone future, with Shanghai plunging almost six per cent.

Seoul on Friday dropped 0.14 per cent, or 2.92 points, to end at 2,104.41 and Sydney fell 61.5 points, or 1.1 per cent, to 5,538.3. Hong Kong fell 0.83 per cent, or 218.21 points, to 26,064.11.

Shanghai tumbled 7.13 per cent at one point in the morning and Shenzhen slumped 6.96 per cent, with mainland markets pummelled by profit-taking and margin traders calling in their bets.

Despite a mild recovery in early afternoon exchanges the two indexes closed sharply lower again. Shanghai slid 5.77 per cent, or 225.85 points, to 3,686.92, giving up 12.07 per cent since last Friday.

Shenzhen sank 5.30 per cent, or 117.33 points, to 2,098.48 – losing 16.16 per cent over the week.

However, Tokyo reversed morning losses to end marginally higher, adding 17.29 points to 20,539.79.

WELLINGTON – The S&P/NZX 50 Index edged back 0.58 points, or 0.01 per cent, to 5840.89.