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Canada Stocks Slump at Close

Canada's benchmark S&P/TSX fell 39.27 points to 7,359.56.

European markets tumbled in the wake of the U.S. market decline. In London, the Financial Times-Stock Exchange 100 index ended down 83.10 points, or 1.68%, to 4,851.70 on worries about corporate earnings.

In France, the CAC 40 declined 104.61 points, or 2.55%, to 4,004.76. And in Germany, the DAX Index fell 95.90 points, or 2.08%, to 4,510.19, after a survey of companies showed German executives are scaling back investment and hiring plans.

In Asia, the markets finished lower. The Nikkei fell 122.38 points, or 1.07%, to close at 11,327.06. In Hong Kong, the market fell 67.05 points, or 0.60%, to close at 11,147.97.

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