TSX Ends Sharply Lower As Stocks Tumble On Global Weakness

RTTNews | 1274 hari yang lalu

(RTTNews) - The Canadian market ended sharply lower on Monday, extending losses from the previous session, as rising worries about global economic slowdown, higher bond yields and looming interest rate hikes triggered heavy selling across the board.

The benchmark S&P/TSX Composite Index, which tanked to 19,602.90, ended the session with a loss of 532.26 points or 2.63% at 19,742.56.

The mood was so bearish and selling so widespread that all the sectoral indexes fell sharply. The Consumer Staples, which dropped as much as 1.37%, was the least hurt in the sell-off. The Health Care Capped Index suffered the most, losing about 5.1%. The Materials Index drifted down 4.75%, while the Information Technology, Real Estate and Energy indexes lost 3 to 3.55%.

Scores of stocks from financials, industrials, consumer services and utilities sections too ended with sharp losses.

Methanex Corporation (MX.TO) and Shopify Inc (SHOP.TO) ended lower by 9.7% and 9.4%, respectively. Nuvei Corporation (NVEI.TO) shed about 8.25%, while West Fraser Timber (WFG.TO), Goeasy (GSY.TO) and Precision Drilling (PD.TO) lost 6 to 6.5%.

Aurora Cannabis (ACB.TO) plunged more than 10%. SSR Mining (SSRM.TO), Eldorado Gold (ELD.TO), Intefor Corp (IFP.TO), Lundin Mining (LUN.TO), Teck Resources (TECK.B.TO) and Agnico Eagle Mines (AEM.TO) lost 5 to 7.5%.

Bausch Health Companies (BHC.TO), Cargojet (CJT.TO), Colliers International (CIGI.TO), Franco-Nevada Corporation (FNV.TO), Fairfax Financial Holdings (FFH.TO), Vermilion Energy (VET.TO), Canadian Natural Resources (CNQ.TO), Manulife Financial (MFC.TO), National Bank of Canada (NA.TO), Canadian Imperial Bank of Commerce (CM.TO) and Sun Life Financial (SLF.TO) were amont the other major losers.

Markets across the world tumbled on Monday. On Wall Street, the Dow shed 2.8%, the Nasdaq plummeted 4.7% and the S&P 500 fell 3.7%.

Among the major European markets, the U.K.'s FTSE 100 ended 1.53% down, Germany's DAX shed 2.43% and France's CAC 40 dropped 2.67%. The pan European Stoxx 600 drifted down 2.41%.

Among the major Asian indices, the Nikkei fell 3.01%, the Hang Seng tumbled 3.39% and the Shanghai Composite dropped 0.89%. Australia's S&P/ASX 200 ended 1.25% down, while India's Sensex lost about 2.7%.

European Shares Seen Little Changed As Fed Decision Looms

European stocks are seen opening little changed on Tuesday as a two-day policy meeting of the U.S. Federal Reserve gets underway later today.

RTTNews | 3j 49min yang lalu

Indian Shares Deep In Red Ahead Of Fed Decision

Indian shares were deep in the red on Tuesday, extending the previous session's slump due to uncertainty over a trade deal with the United States and amid caution ahead of the Federal Reserve's interest-rate decision.

RTTNews | 4j 57min yang lalu

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining the early loses after slipping briefly in mid-market trading on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,600 level, with a mixed performance across most sectors ahead of the domestic interest rate decision later in the day.

RTTNews | 5j 58min yang lalu

Asian Markets Track Wall Street Lower

Asian markets are mostly lower on Tuesday, following the negative cues from Wall Street overnight, as traders remain cautious and are not willing to take any significant positions ahead of monetary policy announcement by the US Fed tomorrow. With the Fed widely expected to lower interest rates by another 25 basis points, traders are likely to pay close attention to the accompanying statement.

RTTNews | 6j 20min yang lalu

Indian Shares Poised For Cautious Start

Indian shares look set to open a tad lower on Tuesday as investors react to weak global cues, a stronger dollar and rising bond yields ahead of the highly anticipated Federal Reserve's interest-rate decision.

RTTNews | 6j 28min yang lalu

No Help Yet For Thai Stock Market

The Thai stock market has ticked lower in three straight sessions, sinking more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau and it's looking at another soft start again on Tuesday.

RTTNews | 7j 20min yang lalu

Canadian Dollar Falls Against U.S. Dollar

The Canadian dollar declined against the U.S. dollar in the New York session on Monday.

RTTNews | 7j 46min yang lalu

Indonesia Bourse Likely To Remain Rangebound On Tuesday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just above the 8,710-point plateau although it's expected to open under pressure on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the FOMC meeting later this week. The European markets were mixed and little changed and the U.S. bourses were soft and the Asian markets figure to split the difference. The JCI finished modestly higher on Monday following gains from the telecom, resource and energy companies, while the financials were mixed and the cement stocks were down. For the day, the index advanced 77.93 points or 0.90 percent to finish at 8,710.70 after trading between 8,642.06 and 8,720.09. Among the actives, Bank CIMB Niaga was down 0.28 percent, while Bank Mandiri climbed 1.02 percent, Bank Danamon Indonesia dropped 0.80 percent, Bank Negara Indonesia added 0.47 percent, Bank Rakyat Indonesia collected 0.55 percent, Indosat Ooredoo Hutchison vaulted 3.83 percent, Indocement sank 0.72 percent, Semen Indonesia lost 0.69 percent, Indofood Sukses Makmur tumbled 1.76 percent, United Tractors plunged4.86 percent, Astra International rose 0.37 percent, Energi Mega Persada skyrocketed 18.67 percent, Astra Agro Lestari fell 0.31 percent, Aneka Tambang rallied 2.06 percent, Vale Indonesia spiked 2.57 percent, Timah shed 0.63 percent, Bumi Resources surged 5.88 percent and Bank Central Asia was unchanged.

RTTNews | 7j 50min yang lalu

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