Toronto stock index up 600 points on bailout hope

Tue Sep 30, 2008 3:54pm EDT
 
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TORONTO, Sept 30 (Reuters) - The Toronto Stock Exchange's main index surged 600 points on Tuesday as oil rose 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 604.26 points, or 5.35 percent, at 11,889.33. (Reporting by Cameron French; Editing by Peter Galloway)