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TORONTO—The Toronto stock market fell back Thursday, led by declining resource stocks as poor Chinese economic data depressed prices for oil and metals. The S&P/TSX composite index lost 169.82 points to 11,860.14 while the TSX Venture Exchange was 29.39 points lower at 1,513.38. China’s exports were 17.1 per cent higher in September than in the same month a year earlier,burberry outlet cheap but that was down from a 24.5 per cent year-over-year gain in August. Customs data showed that import growth also fell. The strong Chinese economy has done much to support a shaky global economic recovery and equity and commodity markets usually react negatively to any sign of a slowdown. This is especially so for the TSX, which is heavily weighted in oil and mining stocks. “Right now, we are overly acute to negative news because of consumer confidence being so low,” said Pat McHugh, senior portfolio manager at Manulife Asset Management, adding that if the same data from China came in two years ago “I don’t think it really would have mattered.” “If it was two years from now I don’t think it’s going to really matter. But right now, yeah (it matters).” The soft Chinese data helped depress the Canadian dollar, which moved down 0.91 of a cent to 97.39 cents US after jumping almost two cents over the previous two sessions. A poorly-received earnings report from banking giant JPMorgan Chase also pressured U.S. markets as the Dow Jones industrials lost 111.33 points to 11,407.52. The Nasdaq composite index was down 9.5 points to 2,595.23 while the S&P 500 index declined 13.31 points to 1,193.94. JPMorgan Chase’s shares were down 5.54 per cent to US$31.36 after the bank reported that third-quarter income fell four per cent and it set aside $1 billion for litigation tied to poorly-written mortgage loans and securities.