Terrorism Jitters Throw Europe Stocks Off Course

Financial stocks lead Canada shares lower; Asia markets falter at close

European markets ended lower amid continued uncertainty over the war on terrorism and worries over economic slowdown. Financial companies led declines. In London, the Financial Times-Stock Exchange 100 index finished down 78.20 points, or 1.52%, to 5,067.30. In France, the CAC 40 ended off 122.97 points, or 2.84%, to 4,213.91. In Germany, the DAX Index fell 76.65 points, or 1.66%, to 4,548.48.

Canada's benchmark TSE 300 closed down 75.4 points to 6955.6. Of the 14 subindices, 12 closed down lead by the Financials and Oils. Recovery in U.S. indices was ignored, a red flag. Standard & Poor's thinks trading will be choppy, at best, as traders react to earnings releases. Military/terrorist activities will continue to overhang markets.

Asia markets ended down. Profit taking, corporate earnings warnings, and retaliation jitters over the war in Afghanistan all took their toll. Japan's Nikkei shed 179.81 points, or 1.69%, to 10,452.54, on the heels of a strong 4.2% over last week. In Hong Kong, the market lost 143.54 points, or 1.40%, to 10,130.59.

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