TSX Down More Than 4% As Trade Tensions Resurface

RTTNews | 137 dni temu

(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.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red 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 | 30 minut temu

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 58 minut temu

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start 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 | 1g 0 minut temu

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure 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 | 1g 15 minut temu

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1g 18 minut temu

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1g 30 minut temu

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected 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. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 2g 0 minut temu

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 | 2g 30 minut temu

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