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TSX Dives 201 Points at Midday As Resources, Health Care Drag

The TSX plummeted by 201 points at midday, slightly increasing earlier losses, as mining and energy stocks, as well as health care, continued to decline.

Prices for oil, copper, and gold were lower on Monday, following disappointing data out of China, a major consumer of industrial metals and energy. Reports said industrial companies in the country fell in August, further adding to concerns over China's economic health. At last check, copper was down 1.4% to US$2.251/pound, while Brent crude dropped 2% to US$47.48/barrel.

At midday, the mining and energy sectors shed 9.05% and 1.77%, respectively. Healthcare tumbled 3.50%. The heavyweight financial group plunged 1.03%.

Total volume traded so far reached 125.5 million shares. First Quantum Minerals (FM.TO) was the most actively traded stock.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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