Toronto stock index drops 500 points

Wed Oct 15, 2008 1:47pm EDT
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TORONTO Oct 15 (Reuters) - Toronto's main stock index was down more than 500 points at midafternoon on Wednesday as falling metals and oil shares helped eat into the previous session's big gain.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 509.98 points, or 5.1 percent, at 9,445.68.

On Tuesday, the key index jumped 890.50 points, or 9.8 percent, to close at 9,955.66. (Reporting by Scott Anderson; Editing by Peter Galloway)