TSX Down 0.7% As Technology, Materials Stocks Decline Sharply

RTTNews | hace 60
TSX Down 0.7% As Technology, Materials Stocks Decline Sharply

(RTTNews) - The Canadian market remains in negative territory Wednesday afternoon, weighed down by losses in technology, healthcare and materials sectors.

The mood is somewhat bearish amid continued uncertainty surrounding new tariffs from the Trump Administration that are set to take effect from April 2nd.

The benchmark S&P/TSX Composite Index was down 173.63 points or 0.69% at 25,165.88 a little while ago.

Celestica Inc is plunging nearly 9.5%. Teck Resources, First Quantum Minerals, Shopify, Ivanhoe Mines, Lundin Mining, Capstone Mining, Tilra, Hudbay Minerals, Bausch Health Companies, Ero Copper, BlackBerry and Brookfield Renewable are down 4 to 6%.

Algoma Steel, TerraVest Industries, Methanex, MAG Silver, Cameco, Premium Brands, Gildan Activewear, Jamieson Wellness, Dollarama, Alimentation Couche-Tard and Lightspeed Commerce are also down sharply.

BRP Inc is climbing up more than 6%. New Gold, NuVista Energy, Pet Valu Holdings, Boyd Group Services, Restaurant Brands International, Arc Resources, Paramount Resources, Stella-Jones, North West Company and Linamar are gaining 1.5 to 3.4%.

On the economic front, data from Statistics Canada said wholesale sales in Canada likely increased by 0.4% month-over-month in February, after a 1.2% rise in the previous month, according to preliminary estimates.

read more
Australian Market Slightly Extends Early Losses In Mid-market

Australian Market Slightly Extends Early Losses In Mid-market

The Australian stock market is slightly extending its early losses in mid-market trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with weakness in mining, energy and financial stocks partially offset by gains in gold miners and technology stocks
RTTNews | hace 15 minutos
Asian Markets Track Global Markets Lower

Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street and Europe on Friday, on renewed trade and tariff concerns after US President Donald Trump threatened to impose 50 percent tariffs on imports from the European Union beginning June 1. However, Trump agreed to delay a sweeping 50 percent tariff on EU imports until July 9 over the weekend.
RTTNews | hace 43 minutos
Sensex, Nifty Seen Higher At Open As Trump Extends EU Tariff Deadline

Sensex, Nifty Seen Higher At Open As Trump Extends EU Tariff Deadline

Indian shares look set to open higher on Monday, tracking gains in U.S. index futures and mostly positive cues from Asian markets after U.S. President Donald Trump extended a deadline for EU trade deal until 9 July, following a call with European Commission president.
RTTNews | hace 1h 9min
Thai Bourse May Hand Back Friday's Gains

Thai Bourse May Hand Back Friday's Gains

The Thai stock market on Friday snapped the tw0-day slide in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,175-point plateau although it may head south again on Monday.
RTTNews | hace 1h 42min
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, despite the broadly negative cues from Wall Street on Friday, with the Nikkei 225 moving up to near the 37,400 level, with gains in index heavyweights, automakers and technology stocks.
RTTNews | hace 2h 10min
Win Streak May End For Indonesia Stock Market

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, gathering more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just above the 7,210-point plateau, although the rally may stall on Monday.
RTTNews | hace 2h 12min
Lower Open Called For Hong Kong Stock Market

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market bounced higher again on Friday, one day after snapping the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just above the 23,600-point plateau although it's tipped to open in the red on Monday.
RTTNews | hace 2h 27min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is slightly lower in choppy trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with a mixed performance across most sectors. Gold miners were the only bright spot
RTTNews | hace 2h 42min