LONDON - Britain's top share index sunk to a three-month closing low on investor concerns over Greek debt contagion, and with the lack of an outright winner in the British election also weighing on sentiment.

The FTSE 100 closed down 137.97 points, or 2.6 percent, at 5,123.02, wiping about £30 billion off the market.

@MARKET ROUNDUP:EUROFIRST

EUROPE - European shares ended at a six-month closing low, suffering their worst weekly fall since November 2008, hurt by escalating fears over the euro zone sovereign debt woes.

The pan-European FTSEurofirst 300 index of top shares closed down 3.9 percent at 967.42 points after touching an eight-month intraday low earlier in the session and ended the week down 8.75 percent.

@MARKET ROUNDUP:EUROmarkets

FRANKFURT - The DAX index ended at 5,715.09 points, down 193.17 or 3.27 percent, lower on the week by 420.6 points.

PARIS - The CAC-40 index closed at 3,392.59 points, down 163.52 or 4.6 percent, ditching 424.4 points in the week.

ZURICH - The Swiss market index closed at 6,205.63 points, down 181.89 or 2.85 percent, losing 411.19 points since last Friday.

MILAN - The FT IT All Share index closed at 19,500.75 points, down 637.09 or 3.16 percent, shedding 2,682.09 points since last weekend.

@MARKET ROUNDUP:nikkei

TOKYO - Japan's Nikkei average fell more than four percent to a two-month low before pulling back slightly.

The Nikkei fell 3.1 percent or 331.1 points to 10,364.59, and has lost 692.81 points in a holiday-shortened two-day trading week.

@MARKET ROUNDUP:hang seng

HONG KONG - Shares had their worst week in months as investor appetite for risk assets was battered by weak overseas markets, fears of the Greek debt crisis causing a contagion in Europe and tightening measures in China to rein in inflation. The Hang Seng index closed at 19,920.29 points, down 213.12 or 1.06 percent.

@MARKET ROUNDUP:asx

SYDNEY - Shares bounced from steep early losses to close down 2.02 percent as bargain-hunters swooped into battered mining stocks after sharp falls this week on the back of a proposed new profits tax. The S&P/ASX 200 index slipped 92.5 points to 4,480.7.

@MARKET ROUNDUP:south africa

JOHANNESBURG - South African stocks booked their biggest one-day fall in almost 13 months, as panicked investors dumped everything from banks to resource firms on concern about the fall-out from Greece's debt crisis.

The All-share index closed at 26,515.07 points, down 997.76 or 3.63 percent, dropping 2,120.69 points since last Friday.