TSX Extends Losses To 5th Session, Sheds Nearly 1%

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(RTTNews) - The Canadian market turned in another weak performance as stocks fell amid concerns tighter monetary policies from central banks could push the economy into a recession.

The Federal Reserve, which is scheduled to announce its monetary policy on Wednesday, is widely expected to raise interest rate 50 basis points. Analsysts at Goldman Sachs and JP Morgan Chase expect the Fed to raise interest rates by 75 basis points.

Stocks from almost all sectors reeled under selling pressure. Utilities, communications and energy stocks were among the most prominent losers. Real estate and technology stocks too ended mostly lower.

The benchmark S&P/TSX Composite Index, which dropped to a low of 19,435.02, ended the session with a loss of 194.05 points or 0.98% at 19,548.51, extending losses to a fifth session.

Bombardier Inc (BBD.B.TO) plunged more than 18%. Tourmaline Oil Corp (TOU.TO) shed about 6.5%. Precision Drilling (PD.TO), Kinaxis Inc (KXS.TO), BCE Inc (BCE.TO), Agnico Eagle Mines (AEM.TO), Shopify Inc (SHOP.TO) and Cargojet (CJT.TO) lost 2 to 5%.

Nutrien (NTR.TO), Goeasy (GSY.TO), Fairfax Financial Holdings (FFH.TO), Teck Resources (TECK.A.TO), Ritchie Bros. Auctioneers (RBA.TO), Thomson Reuters (TRI.TO) and Canadian National Railway (CNR.TO) were among the notable gainers in the session.

On the economic front, data from Statistics Canada said car registrations in the country decreased to 143,148 units in April from 144,597 units in the previous month.

Another data from Statistics Canada showed manufacturing sales in Canada rose by 1.7% from a month earlier to C$ 72.3 billion in April of 2022, slowing from an upwardly revised 3.5% advance in the previous month but faster than a preliminary estimate of 1.6%. It was the seventh straight month of growth in manufacturing sales.

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1घंटे 9 मिनट पहले

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

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Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

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Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 2घंटे 9 मिनट पहले

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2घंटे 39 मिनट पहले

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

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Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3घंटे 9 मिनट पहले

RBA Minutes Due On Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its Dec. 8 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 3घंटे 39 मिनट पहले

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