CANADA STOCKS-TSX slumps on worries over Korea, Ireland

Tue Nov 23, 2010 10:45am EST
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* TSX slides 0.71 percent to 12,836.82

* All 10 main sectors lower

* Golds among few advancers (Adds details)

TORONTO, Nov 23 (Reuters) - Toronto's main stock index fell hard on Tuesday as commodity-related issues were sent lower on investor anxiety over an exchange of artillery fire on the Korean peninsula and worries that Ireland's debt woes could spread to other European countries.

North American stocks picked up where overseas equities left off, with energy among the hardest-hit groups. The commodity benchmark Thomson Reuters-Jefferies CRB index .CRB off about 1 percent. Oil and gas were down 1.4 percent. [O/R]

Key decliners included Suncor Energy SU.TO, off 2 percent at C$34.19, and Canadian Natural Resources CNQ.TO, down 1.8 percent at C$39.25. Talisman Energy TLM.TO fell 1.8 percent to C419.60.

At 10:20 a.m. (1520 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 92.17 points, or 0.71 percent, at 12,836.82. All 10 of the TSX's main sectors were lower.

Investor sentiment was rattled as North Korea fired dozens of artillery shells at a South Korean island in one of the heaviest attacks on its neighbour since the Korean War ended in 1953. [ID:nL3E6MN0MA]

The incident hit global financial markets that were already shaken by worries that a rescue package for Ireland might not stop problems from spreading to other indebted euro zone countries. [MKTS/GLOB]   Continued...