Canada's benchmark S&P/TSX fell 124.56 points, or 1.94%, to 6,294.81.
European markets were down after British energy giant BP reported a 13% decline in third-quarter profits and trimmed its 2002 oil and gas production growth forecast for the third time this year. In London, the Financial Times-Stock Exchange 100 index fell 154.6 points, or 3.78%, to 3,935.9. In France, the CAC 40 lost 155.74 points, or 5%, to 2,965.11. And in Germany, the DAX Index declined 176.95 points, or 5.5%, to 3,022.01.
In Asia, the markets ended lower. In Japan, the Nikkei declined 48.75 points, or 0.56%, to 8,708.76, hurt by a poor earnings outlook from Honda Motor. In Hong Kong, the Hang Seng skidded 219.07 points, or 2.22%, to 9,634.67.