Toronto stock index up 3.6 pct on oil, bailout hope

Tue Sep 30, 2008 10:32am EDT
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TORONTO, Sept 30 (Reuters) - The Toronto Stock Exchange's main index surged 400 points on Tuesday morning as oil bounced back and markets hoped a deal for a $700 billion bailout for Wall Street would come soon.

On Monday, the index marked its biggest one-day percentage drop in nearly eight years.

The S&P/TSX composite index .GSPTSE was up 401.50 points, or 3.56 percent, at 11.686.57. (Reporting by Jennifer Kwan; Editing by Peter Galloway)