TSX Ends Notably Lower On Recession Fears

RTTNews | Před 769 dny
TSX Ends Notably Lower On Recession Fears

(RTTNews) - The Canadian market ended notably lower on Wednesday with shares from across several sectors losing ground on sustained selling pressure.

Concerns about slowing global economy and rising interest rates weighed on sentiment.

Healthcare, energy and technology stocks were among the major losers.

The benchmark S&P/TSX Composite Index ended with a loss of 222.55 points or 1.14% at 19,284.10, slightly off the day's low of 19,263.61.

Canopy Growth Corporation (WEED.TO) plunged 6.32% on huge volumes. Shopify Inc (SHOP.TO) ended 3.1% down. Cenovus Energy (CVE.TO), Canadian Natural Resources (CNQ.TO), Crescent Point Energy (CPG.TO), Power Corporation of Canada (POW.TO), Canadian Imperial Bank of Commerce (CM.TO), Ban of Nova Scotia (BNS.TO) and Manulife Financial Corporation (MFC.TO) lost 1.6 to 2.5%.

First Quantum Minerals (FM.TO) rallied nearly 3%. First Quantum Minerals said formal discussions between First Quantum, MPSA and the Government of Panamá have resumed on December 26, 2022 regarding the long-term future of the Cobre Panamá mine. The Company said it remains committed to seeking a mutually beneficial agreement as soon as possible.

Magnet Forensics (MAGT.TO), Ritchie Bros. Auctioneers (RBA.TO), Canadian Tire Corporation (CTC.TO) and West Fraser Timber (WFG.TO) gained 1.7 to 2.6%.

read more
Asian Markets Trade Mixed Amid Tariff Worries

Asian Markets Trade Mixed Amid Tariff Worries

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders are cautious and are concerns about a global trade war after President Donald Trump decided to impose tariffs on imports from China, Mexico and Canada, with the trading partners retaliating with counter tariffs. Asian markets closed mostly higher on Tuesday.
RTTNews | Před 5 h 49 min
Australian Market Maintains Early Gains In Mid-market

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market trading on Wednesday, and extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains across most sectors led by mining and energy stocks.
RTTNews | Před 6 h 22 min
Thai Bourse May End Losing Streak On Wednesday

Thai Bourse May End Losing Streak On Wednesday

The Thai stock market has finished lower in five straight sessions, sinking more than 45 points or 3.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,300-point plateau although it figures to stop the bleeding on Wednesday.
RTTNews | Před 6 h 38 min
Higher Open Predicted For Indonesia Stock Market

Higher Open Predicted For Indonesia Stock Market

The Indonesia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had stumbled more than 180 points or 2.6 percent. The Jakarta Composite Index now sits just above the 7,070-point plateau and it's got a firm lead for Wednesday's trade.
RTTNews | Před 6 h 39 min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Wednesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,800 level, with gains in gains across most sectors led by index heavyweights and financial stocks.
RTTNews | Před 7 h 29 min
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,400 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and technology stocks.
RTTNews | Před 7 h 36 min
Hong Kong Shares Tipped To Open To The Upside

Hong Kong Shares Tipped To Open To The Upside

The Hong Kong stock market surged higher again on Tuesday, on day after ending the three-day winning streak in which it had advanced almost 525 points or 2.6 percent. The Hang Seng Index now rests just beneath the 20,800-point plateau and it's expected to move higher again on Wednesday.
RTTNews | Před 7 h 50 min