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.