TORONTO — The Toronto Stock Exchange took at triple-digit plunge early Tuesday amid concern about the strength of China’s economy.
The S&P/TSX composite index was down 110.35 points or about 0.79 per cent to 14,141.18, following the lead of overseas markets.
The Shanghai market in China dropped more than six per cent earlier and Hong Kong’s Hang Seng fell 1.43 per cent on Tuesday. There were also smaller declines elsewhere in Asia and Europe before North American markets opened.
The Dow Jones industrial average was 14.66 points at 17,530.52, the Nasdaq index dropped 13.29 points to 5,078.41, and the S&P 500 declined 2.47 points to 2,099.97.
The loonie traded at 76.39 cents US, down 0.03 of a U.S. cent from Monday’s close.
On the commodity markets, the December gold contract fell $7.30 to US$1,111.10 an ounce, the September crude contract was down six cents at US$41.81 a barrel and the September contract for natural gas was down two cents at US$2.71.
HGA
Chartered Professional Accountants
