May 6, 2019 / 2:25 PM / 7 months ago

CANADA STOCKS-TSX falls as Trump's tariff threats roil global markets

(Updates to open)

May 6 (Reuters) - Canada’s main stock index on Monday hit its lowest level in nearly a month after U.S. President Donald Trump threatened to raise tariffs on China, triggering a global rout in risky assets.

* At 10:13 a.m. ET (14:13 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 101.46 points, or 0.62 percent, at 16,392.97.

* Trump said on Sunday said he would hike U.S. tariffs on $200 billion worth of Chinese goods this week, marking a major escalation in tensions between the world’s largest economies and quashing investor hopes of a trade deal that has sparked a rally in risk assets this year.

* Canada is leaning on the United States to help settle the dispute with China, which has started to block imports of vital Canadian commodities amid a dispute over a detained Huawei executive.

* The Canadian dollar weakened to a 10-day low against its U.S. counterpart and oil prices took a hit from the ongoing worries about trade.

* All the 11 major sectors were lower, with heavy-weight energy index falling 0.95 percent and financial sector dropping 1 percent.

* The materials sector lost 0.7 percent as copper prices tumbled amid concerns about demand slowdown in China, the world’s top metal consumer.

* The largest percentage gainers on the TSX were Air Canada , which jumped 4.8 percent after reporting a surprise quarterly adjusted profit and port-operator Westshore Terminals Investment Corp, which rose 3.8 percent after price target lifts from brokers.

* Auto parts supplier Martinrea International fell 4.8 percent, the most on the TSX. The second biggest decliner was construction and engineering firm SNC-Lavalin Group Inc , down 4.7 percent.

* On the TSX, 49 issues were higher, while 188 issues declined for a 3.84-to-1 ratio to the downside, with 19.99 million shares traded.

* The most heavily traded shares by volume were Aurora Cannabis, Sherritt International Corp and Bombardier B.

* The TSX posted no new 52-week highs and two new lows.

* Across all Canadian issues there were six new 52-week highs and seven new lows, with total volume of 32 million shares. (Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)

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