CANADA STOCKS-TSX falls as crude oil, global worries weigh

Wed Sep 23, 2015 4:52pm EDT
 
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(Adds strategist comment, updates prices to close)

* TSX ends down 107.40 points, or 0.80 percent, at 13,383.69

* Eight of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, Sept 23 (Reuters) - Canada's main stock index fell on Wednesday, following hefty losses in the previous session, as tumbling crude prices and weak manufacturing data out of China and the United States hurt the resource-rich index in low-volume trade.

The Toronto Stock Exchange's S&P/TSX composite index fell 107.40 points, or 0.80 percent, to end the session at 13,383.69.

Eight of its 10 main sectors fell, with the energy group giving up 2.2 percent and both industrials and materials down more than 1 percent.

The reports showed U.S. manufacturing growth stuck at a two-year low in September and Chinese factory activity shrinking to a 6-1/2 year low.

"What we're realizing here, as investors, is that the fundamental backdrop is not as rosy as believed, and it certainly doesn't justify the valuations we had," said John Johnston, chief strategy officer at Davis-Rea.   Continued...