January 12, 2010 / 9:15 PM / 8 years ago

CANADA STOCKS-TSX tumbles as resource prices slide

1 Min Read

TORONTO, Jan 12 (Reuters) - Toronto's main stock index fell hard on Tuesday as resource prices came under pressure on news that China's central bank was tightening monetary conditions at a faster than expected pace.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE unofficially ended down 126.46 points, or 1.06 percent, at 11,820.67. Nine of the index's 10 main groups were lower, led by a 2.95 percent fall in materials and a 1.33 percent tumble in energy.

China surprised markets with an unexpected increase in banks' required reserves, a move that rippled across world financial markets. (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