Since we're seeing Christmas tree lots popping up all over town, we're going to stick with a seasonal theme. Shares of Anglo-French IT services company Sema Group (UK:SEM) fell more than 40% in Europe after the company warned that second half profits wouldn't meet expectations. This may put more lumps of coal in other IT stocks this morning as other rivals like Logica (UK:LOG), CMG (UK:CMG) and France's Cap Gemini (FR:012433) all traded lower.
Asian markets mixed, but Europe higher
Asian markets ended Friday's trading day with mixed results, but the bulk of trading was higher. In Hong Kong, the Hang Seng fell 1.28%, Japan's Nikkei 224 rose 0.10%, Singapore's Straits Times jumped 2.27% and South Korea's Seoul Composite rose 3.21%. China's Shanghai Composite had a tough day and traded down better than 3%, while Taiwan's Taiwan Weighted was the standout, trading higher by 5.31%. IT stocks withstanding; trading in Europe has seen nice gains. France's CAC 40 is up 1.54%, Germany's DAX is up 1.37% and London's FTSE 100 is higher by 0.73%. Finland's Helsinki General leads the gains with a 4.95% upward move.