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Canada Stocks Follow Wall Street Lower

Canada's benchmark TSE 300 closed down 111.4 points to 7,688.70. Of the 14 subindices, 13 closed down -- led by the Industrials (old heavy weight Nortel dropped to C$5.26, a new two-year low). Drops in the U.S. indexes were certainly weights.

European markets finished lower, as investors took some profits off the table and took a cue from weak U.S. equities. In London, the Financial Times-Stock Exchange 100 index fell 91.70 points, or 1.75%, to 5,137.40. In France, the CAC 40 lost 80.29 points, or 1.78%, to 4,441.54. In Germany, the DAX Index was off 102.40 points, or 1.94%, to 5,162.96.

In Asia , the markets ended mixed. The Nikkei was down 71.31 points, or 0.64%, to 11,147.27, as bank shares fell on profit-taking. In Hong Kong, the market gained 101.77 points, or 0.96%, to 10,744.91.

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