Canada Shares Follow Wall Street Down
TSE 300 dropped 92.6 points to 7920.1. The hefty losses in the U.S. indices were a heavy weight. The quick bearish reversal in key stock Nortel pressured shares. Of the 14 subindices, 11 closed down lead yet again by the Industrials. The Gold & Precious Minerals subindex lead the other three subindices higher -- thanks in large part to the US$3.30 pop in spot gold. Canadian and U.S. CPI reports are due Friday.
European markets closed lower. In London, the Financial Times 100 index lost 67.70 points, or 1.16%, to 5752.50. France's CAC 40 is down 56.56 points, or 1.06% to 5297.07. Germany's Dax ended down 80.67 points, or 1.32%, to 6031.27.
Asian markets ended mixed. In Tokyo, the Nikkei 225 Index gained 23.21 points, or 0.18%, to. In Hong Kong, the Hang Seng lost 274.42, or 2.03%, to close at 13248.89.