TSX Down More Than 4% As Trade Tensions Resurface

RTTNews | hace 137

(RTTNews) - The Canadian market is deep down in negative territory on Thursday, with investors taking some profits following the previous afternoon's sharp rally after U.S. President Donald Trump announced a 90-day pause on new "reciprocal tariffs."

Also, trade tensions between the U.S. and China weigh on sentiment. Trump, who announced the 90-day pause for most countries, not only excluded China from the reprieve, but also raised the tariff on Chinese goods to 125%.

Energy, technology, healthcare, financials, real estate, industrials and consumer discretionary stocks are down sharply.

The benchmark S&P/TSX Composite Index was down 983.27 points or 4.14% at 22,743.76 nearly half an hour past noon. The index, which opened with a negative gap of about 130 points at 23,596.86 this morning, spiked 1,220.13 points or 5.4% to 23,727.03 on Wednesday.

The Energy Capped Index is down as much as 6.8%. The Information Technology Capped Index is down by about 6.3%, and the Healthcare Index is down 5.5%.

With several key stocks in the financials space declining sharply, the index tracking the movements of shares from the sector is down 3.8% now.

Vermilion Energy is down more than 14%. Cenovus Energy, MEG Energy Corp, Parex Resources, Freehold Royalties, Precision Drilling Corp, Canadian Natural Resources, Whitecap Resources, International Petroleum Corp and Suncor Energy are down 6 to 11%.

Technology stocks Shopify Inc, Dye & Durham and Celestica Inc. are down 10.2%, 8.4% and 7%, respectively. Constellation Software, BlackBerry, Kinaxis, CGI Group Inc, Lightspeed Commerce and Docebo are among the other big losers.

Manulife Financial, Onex Corp, Bank of Montreal, Sun Life Financial, Bank of Nova Scotia, Laurentian Bank, National Bank of Canada, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank are among the notable losers in the financials sector. These stocks are down 2.5 to 8% from previous closing levels.

In economic news, data from Statistics Canada showed the total value of building permits in Canada rose 2.9% from the previous month to $13.1 billion in February, following a downwardly revised 4.3% drop in the previous month.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 25 minutos

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 55 minutos

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | hace 1h 11min

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 1h 26min

EURUSD	1.16474	GBPUSD	1.34776	AUDUSD	0.64911
USDJPY	147.225	USDCAD	1.38463	USDCHF	0.80419

TSX Down More Than 4% As Trade Tensions Resurface

Singapore Stock Market Tipped To Open In The Red

Rally May Stall For Malaysia Stock Market

Japan Stock Market May Spin Its Wheels On Tuesday

KOSPI May Run Out Of Steam On Tuesday

RBA Minutes On Tap For Tuesday

U.S. Dollar Climbs Against Majors

Swiss Market Ends Moderately Lower

European Markets Close Weak After Cautious Session