January 12, 2010 / 5:54 PM / 8 years ago

CANADA STOCKS-TSX slumps as commodity prices tumble

TORONTO, Jan 12 (Reuters) - Toronto's main stock index sagged more than 1 percent at midday on Tuesday as resource prices dropped after China took its strongest step yet towards tightening monetary policy.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 129.48 points, or 1.08 percent, at 11,817.65. Nine of the index's 10 main groups were lower, led by a 2.5 percent fall in materials and a 1.5 percent tumble in energy.

China rocked global financial markets with a surprise increase in banks' required reserves, a move that hit gold and platinum prices and knocked the euro lower versus the U.S. dollar. (Reporting by Ka Yan Ng; editing by Rob Wilson)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below