May 25, 2010 / 1:40 PM / in 7 years

CANADA STOCKS-TSX slumps 2 pct at open as banks, oils drop

TORONTO, May 25 (Reuters) - Toronto’s main stock index dropped more than 2 percent just after the open on Tuesday due to worries about Europe’s banking sector and North Korea’s threatened military action against the South.

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE dropped 235.61 points, or 2.04 percent, to 11,285.74. All of the index’s 10 main groups were lower, led by losses of more than 2 percent in the oil and gas and financial sectors. (Reporting by Ka Yan Ng; editing by Peter Galloway)

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