Toronto stocks sink 6 pct as U.S. bailout rejected

Mon Sep 29, 2008 4:07pm EDT
 
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TORONTO, Sept 29 (Reuters) - The Toronto Stock Exchange's main index plunged 6 percent on Monday as the U.S. House of Representatives rejected a $700 billion Wall Street bailout plan, sending investors fleeing for the exits.

The S&P/TSX composite index .GSPTSE unofficially ended down 723.47 points, or 5.97 percent, at 11,402.53.

At one point during the session, the index was down 7.9 percent, its biggest intraday percentage drop since October 2000. (Reporting by Cameron French; Editing by Peter Galloway)