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Premarket: Nikkei plunges again, TSX pointed lower Add to ...

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Expect quiet trading in Canada, with U.S. markets closed for the Memorial Day holiday, although the TSX is likely to see some modest pressure at the open after Japanese equities suffered major losses again overnight.

The Nikkei was down 3.21 per cent, as profit-takers were out in full force after the index's more than 7 per cent plunge on Thursday. The yen saw more gains overnight - a negative for the country's stock market because of the dampening impact it has on exports - with the U.S. dollar dipping below ¥101 at points during the day.

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