Asia Markets Take a Plunge

Europe stocks scale back losses; Canada shares end slightly lower

Canada's benchmark TSE 300 closed down 8.69 points to 6513.10, after registered a triple-digit loss at the open. Trade was under heavy pressure amid ongoing worries about the global economy and heightened political uncertainty. Overnight commentaries from the Taliban about retaliation cut investors' risk appetite and encouraged a rush to safe haven assets. Government of Canada bonds, particularly at the front end of the coupon curve, are the prime beneficiary. Gold stocks are also attracting bid interest in the current environment.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.