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European Stocks Lower at Midday

European stock prices are lower in midday trading Friday.

London's Financial Times index is down 74 points, more than 1.7 percent, at 4,218. The CAC-40 in Paris is down 59 points, more than 1.7 percent, at 3,348, and the DAX index in Frankfurt is down two points at 4,867.

In New York, the S&P futures contract is down 18 points, indicating a lower opening for U.S. stocks.

Tokyo's Nikkei index lost 453 points, or 5 percent, to finish at 8,577.

Hong Kong's Hang Seng index dropped 361 points, just over 2.5 percent, to end the day's trading at 13,969.

Gold is trading higher at $729.88 an ounce.

The dollar is mostly higher against other major currencies.

Some information for this report was provided by AFP, AP and Reuters.