CANADA STOCKS-TSX tumbles on Korea, euro zone woes

Tue Nov 23, 2010 4:26pm EST
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* TSX slides 135.26 points to 12,793.75

* Nine of 10 main groups lower

* Golds among few advancers (Updates to close, adds 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, down 1.6 percent, among the hardest-hit groups on the resource-heavy index. [O/R]

Key decliners included Suncor Energy (SU.TO: Quote), off 2.7 percent at C$33.95, and Canadian Natural Resources (CNQ.TO: Quote), down 2.2 percent at C$39.10. Encana Corp (ECA.TO: Quote) 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...