Toronto stocks tumble as oils, banks fall

Wed Jul 9, 2008 4:09pm EDT
 
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TORONTO, July 9 (Reuters) - The Toronto Stock Exchange's main index tumbled in another see-saw session on Wednesday as energy shares reversed direction and fell and banks were hit by worries over more fallout from the credit crunch.

The S&P/TSX composite index .GSPTSE unofficially closed down 196.70 points, or 1.42 percent, at 13,613.07. If it officially closes at these levels, it will mean the index will have fallen 10 percent from record highs, putting it into correction territory. (Reporting by Leah Schnurr; Editing by Peter Galloway)