Asian markets closed lower. In Japan, the Nikkei sank 326.82 points, or 3.06%, to 10,370.62 after steep losses in financial and technology shares sent the market lower, reflecting uncertainty over the U.S. economy and concern over Japan's financial system. Hong Kong's Hang Seng index eased 124.10 points, or 1.10%, at 11,155.15.
Canada's TSE 300 spent the day trading with a loss and closed down 50.9 points to 7374.8. Negative U.S. indices were a drag and the technical posture of the TSE 300 is weak. However, the TSE 300 did slide into the very wide 7316/62 support zone and 7346 was it. US$3 bounce in gold and gains in the oil sector were supports (Gold and Oil subindices led 7 subindices higher on Monday). Very bearish daily momentum studies warn of continued pressure on the 7316/62 region.