(Updates throughout with market moves, details)
* TSX down 176.04 points, or 1.32 percent, to 13,202.53
* Nine of the TSX's 10 main groups were down
TORONTO, Sept 28 (Reuters) - Canada's main stock index fell
more than 1 percent on Monday, extending Friday's losses, as
weighty financial names and resources fell sharply, hurt by
sliding commodity prices.
Ongoing investor uneasiness about the economic stability in
China, among the world's biggest resource consumers, and other
big emerging economies dominated market sentiment. Related
anxiety over commodity prices spilled over ahead of what is
expected to be a busy week in key economic data. MKTS/GLOB
Royal Bank of Canada RY.TO fell 1.1 percent to C$71.12 to
lead losses, while the overall financial sector retreated 1.1
percent.
Transcanada Corp TRP.TO was another weighty loser, sliding
2.4 percent to C$42.59, while its broader energy group sank 2.3
percent.
The struggles in the resource sector hurt the Canadian
economy and in turn the fortunes of Canadian banks.
At 10:52 a.m. EDT (1452 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 176.04 points, or 1.32
percent, to 13,202.53.
Of the 10 main groups, nine were in the red, with telecoms
the lone gainer. Financials, energy and materials, which make up
roughly two-thirds of the TSX's weight, numbered 27 out of the
top 30 biggest drags on the index.
Fertilizer producer Potash Corp POT.TO stumbled 3.3
percent to C$26.57, while First Quantum Minerals FM.TO plunged
11.7 percent to C$4.83. Materials, home to mining and other
resources names, tumbled 3.3 percent.
Declining issues outnumbered advancing ones on the TSX by
214 to 24, for a 8.92-to-1 ratio on the downside.
The index was posting 1 new 52-week highs and 14 new lows.