Toronto stocks plunge on Fed cut disappointment

Tue Dec 11, 2007 3:51pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO Dec 11 (Reuters) - The Toronto Stock Exchange's main index fell more than 200 points on Tuesday afternoon, as investors who expected an aggressive U.S. interest rate cut were disappointed by a more modest move and instability fears continued to weigh on the market.

The S&P/TSX composite index was down 201.42 points, or 1.5 percent, at 13,738.94 in late trade.

($1=$1.01 Canadian) (Reporting by Wojtek Dabrowski; Editing by Peter Galloway)