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Canada Stocks Tumble at Close

Canada's benchmark S&P/TSX fell 53.08 points, or 0.77%, to 6,863.33.

European markets finished with losses, taking a cue from continued weakness in U.S. equities. In London, the Financial Times-Stock Exchange 100 index tumbled 190.10 points, or 4.30%, to 4,230. In France, the CAC 40 was off 144.28 points, or 3.95%, to 3,512.10. And in Germany, the DAX Index lost 71.72 points, or 1.71%, to 4,118.50. In economic news, German consumer prices fell 0.1% in June, putting them up 0.8% year over year.

In Asia, the markets finished sharply lower. The Nikkei plunged 266.92 points, or 2.48%, to 10,485.74. In Hong Kong, the market tumbled 228.73 points, or 2.12%, to 10,558.81.

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