March 12, 2020 / 2:13 PM / 21 days ago

CANADA STOCKS-TSX plunges to 4-year low as U.S. curbs travel from Europe

(Adds details, updates prices)

March 12 (Reuters) - Canada’s main stock index plummeted on Thursday, prompting a pause in trading as the United States’ curbs on travel from Europe due to the coronavirus outbreak hit risk sentiment.

* Trading on the TSX was halted shortly after the open in the wake of humongous losses, resuming at 9:51 a.m. ET. The index sank further after trading resumed.

* At 9:53 a.m. ET (1353 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 1,572.02 points, or 11.02%, at 12,698.07.

* U.S. President Donald Trump on Wednesday ordered travel from Europe to the United States restricted for 30 days, blindsiding investors and prompting a widespread rush out of riskier assets.

* Canada’s energy sector dropped 12.4% as U.S. crude prices fell 8.7% a barrel, while Brent crude lost 9.1%.

* The financials sector slipped 9.4%. The industrials sector fell 10.6%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 14.1%.

* No issues rose on the TSX, while 230 issues fell, with 50.33 million shares traded.

* Chemtrade Logistics Income Fund fell 28.5%, the most on the TSX, while the second-biggest decliner was Hudbay Minerals, down 28.1%.

* The most heavily traded shares by volume were Husky Energy , Aurora Cannabis, and Bombardier B.

* The TSX posted no new 52-week highs and 154 new lows.

* Across all Canadian issues there were 14 new 52-week highs and 669 new lows, with total 92.30 million shares traded.

Reporting by Ambar Warrick in Bengaluru; Editing by Sriraj Kalluvila and Vinay Dwivedi

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