CANADA STOCKS-TSX tumbles on Korea, euro zone woes

Tue Nov 23, 2010 4:49pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX slides 135.26 points to 12,793.75

* Nine of 10 main groups lower

* Utilities group ekes out 0.2 percent gain (Adds details, quote)

By Jennifer Kwan

TORONTO, Nov 23 (Reuters) - Toronto's main stock index ended sharply lower on Tuesday as tensions in the Korean peninsula and euro zone debt concerns pushed down heavily weighted commodity-linked shares.

Toronto stocks followed global equities lower, with energy shares, down 1.6 percent, among the hardest-hit groups on the resource-heavy index. [O/R]

Key decliners included Suncor Energy SU.TO, off 2.7 percent at C$33.95, and Canadian Natural Resources CNQ.TO, down 2.2 percent at C$39.10. Encana Corp ECA.TO dropped 1.6 percent to C$28.50.

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

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