CANADA STOCKS-TSX tumbles to lowest since mid-2013 as oil falls further

Thu Jan 7, 2016 10:55am EST
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(Adds details, updates prices)

* TSX down 191.09 points, or 1.5 percent, at 12,535.71

* Nine of the TSX's 10 main groups fall

TORONTO, Jan 7 (Reuters) - Canada's main stock index plunged to its lowest since mid-2013 on Thursday as investors worried about a Chinese equity capitulation and oil prices pushed ever lower.

Losses were broad and deep, with energy stocks retreating 3.1 percent, industrials shedding 2.6 percent and financials losing 1.5 percent. Twenty-eight stocks were posting fresh 52-week lows.

At 10:45 a.m. EST (1545 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 191.09 points, or 1.5 percent, to 12,535.71.

At one point it touched 12,482.93, its lowest level since August 2013.

Of the 10 main sectors, only the materials group sat in positive territory, thanks to gains in gold miners as bullion hit a seven-week high.

The tumult in China, where equity trading was suspended for a second time this week, has hurt markets across the globe as investors worry about weaker demand from the world's second-largest economy.   Continued...