Relentless volatility and steep declines dragged the TSX Composite Index to levels not seen since 2005 over the Sept. 30-Oct. 6 trading period. Although the U.S. government finally passed a sweetened 700-bil-lion US dollars financial ballout package, and governments and central banks both here and in Europe announced rescue packages and cash injection plans of their own to bring back liquidity to the markets, the share sell-off continued. The resource-heavy TSX Composite Index, plunged 9.3 percent , shedding 1,054.64 points over the period to close at 10,230.43. The benchmark had its worst-ever intraday loss on Sept. 30, falling nearly 1,200 points before salvaging more than half the loss to finish the day down 573 points - worth about 75 billion dollars on paper in one day.
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