CANADA STOCKS-TSX battered in global rout, slumps most since late 2011

Mon Aug 24, 2015 5:10pm EDT
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(New throughout, updates prices and market activity to close, adds investor comment)

* TSX ends down 420.93 points, or 3.12 percent, at 13,052.74

* All 10 of the TSX's main sectors fall

* Energy group slumps more than 4 pct, financials down 2.8 pct

By Alastair Sharp

TORONTO, Aug 24 (Reuters) - Canada's main stock index was battered on Monday, swept along by the global market rout that saw a nearly 9 percent plunge in Chinese stocks and sent commodity prices tumbling.

The Toronto Stock Exchange's S&P/TSX composite index lost 420.93 points, or 3.12 percent, to close at 13,052.74, its steepest daily loss since late 2011.

Just seven stocks gained, while 240 fell, with 124 of them hitting fresh 52-week lows.

The index has lost more than 1,000 points since early last week, as a string of lackluster data out of China, one of the world's biggest economies and commodities consumers, have ignited worries the country will spur a global economic slowdown.   Continued...