Toronto stock index falls 4.2 pct on credit shakeout

Mon Sep 29, 2008 10:32am EDT
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TORONTO, Sept 29 (Reuters) - The Toronto Stock Exchange's main index tumbled 500 points on Monday morning as the shakeout in the financial system in the United States and Europe continued.

The S&P/TSX composite index .GSPTSE was down 506.87 points, or 4.18 percent, at 11,619.13. (Reporting by Jennifer Kwan; Editing by Peter Galloway)