TSX Ends Sharply Lower On Economic Concerns

RTTNews | 876天前
TSX Ends Sharply Lower On Economic Concerns

(RTTNews) - Canadian stocks tumbled on Monday, extending recent losses, as fears of a global recession amid surging interest rates continued to weigh on sentiment.

With several central banks, including the Federal Reserve, raising interest rates and signaling further increases in the coming months, traders continued to refrain from creating fresh long positions.

The benchmark S&P/TSX Composite Index ended with a loss of 242.52 points or 1.25% at 19,200.76 after dropping to a low of 19,159.58 intraday.

Healthcare stocks were the major losers. The Health Care Capped Index dropped nearly 5%.

Utilities, materials, industrials, real estate, consumer discretionary and consumer staples shares also ended sharply lower.

MAG Silver Corp (MAG.TO) plunged 11.5%. WSP Global (WFG.TO) ended 4.5% down, while Cogeco Communications (CCA.TO), goeasy (GSY.TO), Boyd Group Services (BYD.TO), Toromont Industries (TIH.TO) and TFI International (TFII.TO) lost 3 to 4%.

Cargojet (CJT.TO), Thomson Reuters (TRI.TO), Kinaxis Inc (KXS.TO) and Canadian National Railway (CNR.TO) also ended sharply lower.

Canadian Tire Corporation (CTC.TO), Brookfield Asset Management (CTC.TO) and Canadian Natural Resources (CNQ.TO) ended with strong gains.

In economic news, data released by Statistics Canada showed the raw materials price index for November fell 0.8% on a monthly basis. Year-over-year, the index rose to 8%. Producer Price Index declined 0.4% month over month and increased 9.7% on yearly basis.

read more
Sensex, Nifty Open Higher On Rate Cut Hopes

Sensex, Nifty Open Higher On Rate Cut Hopes

Indian shares were notably higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.
RTTNews | 14分钟前
Australian Market Maintains Slight Losses In Mid-market

Australian Market Maintains Slight Losses In Mid-market

The Australian stock market is maintaining its slight losses in mid-market moves on Wednesday, snapping a five-session winning streak, with the benchmark S&P/ASX 200 staying well below the 8,300 level, following the mixed cues from Wall Street overnight, with a mixed performance across most sectors. Traders are also booking some profits following the recent upside in the markets.
RTTNews | 1小时8分钟前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders assess the impact a temporary US-China tariff war settlement, under which tariffs will be reduced to 30 percent and 10 percent, respectively, for a 90-day period. They also cautiously await trade deals with other major US trading partners. Asian markets closed mixed on Tuesday.
RTTNews | 1小时52分钟前
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares look set to open on a positive note Wednesday after official data showed India's consumer price inflation eased further in April to the lowest level in nearly six years amid a slower rise in food prices.
RTTNews | 2小时11分钟前
Thai Bourse Likely To Remain Rangebound

Thai Bourse Likely To Remain Rangebound

The Thai stock market has alternated between positive and negative finishes through the previous five trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,215-point plateau and it's poised to inch higher again on Wednesday.
RTTNews | 2小时43分钟前
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Wednesday after opening in the green, snapping a four-session winning streak, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 37,900 level, with weakness in exporters and automaker stocks partially offset by gains in technology and financial stocks.
RTTNews | 3小时11分钟前
Higher Open Anticipated For Indonesia Shares

Higher Open Anticipated For Indonesia Shares

Ahead of long holiday weekend for Wesak Day, the Indonesia stock market had bounced higher again, one session after ending the eight-day winning streak in which it had rallied more than 210 points or 3.2 percent. The Jakarta Composite Index now rests just above the 6,830-point plateau and it's looking at a solid lead for Wednesday's trade.
RTTNews | 3小时13分钟前
Mild Rebound Tipped For Hong Kong Shares

Mild Rebound Tipped For Hong Kong Shares

The Hong Kong stock market on Tuesday ended the eight-day winning streak in which it had surged almost 1,600 points or 7.1 percent. The Hang Seng Index now sits just beneath the 23,110-point plateau although it may tick back to the upside again on Wednesday.
RTTNews | 3小时28分钟前