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    Friday, November 27, 2009

    Europe Shares Extend Previous Session's Sharp Drop

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    By Sarah Turner
    MarketWatch Pulse
       

      LONDON -- European shares dropped in early trading on Friday, extending sharp losses from the previous session when investors reacted to news that Dubai World has asked to postpone debt. Banks dropped again, with HSBC Holdings shares down another 3.5%, as investors continued to worry about lenders' exposure to the region. Royal Bank of Scotland shares fell 9.1% and Lloyds Banking Group shares fell 7.1%. The FTSE 100 index fell 1.4% to 5,122.28, the German DAX index dropped 1.5% to 5,527.17 and the French CAC-40 index fell 1.6% to 3,621.85.

      Copyright © 2009 MarketWatch, Inc.

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