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TSX Snaps Five-day Winning Streak; Technology Stocks Decline Sharply

RTTNews | 104 days ago

TSX Snaps Five-day Winning Streak; Technology Stocks Decline Sharply

(RTTNews) - The Canadian market ended on a negative note on Wednesday, coming off record highs and snapping a five-session winning streak, as technology stocks tumbled following a sell-off in U.S. semiconductor stocks amid prospects of tighter trade curps on Chinese companies.

The benchmark S&P/TSX Composite Index, which fell to 22,808.17 in the session, ended with a loss of 144.22 points or 0.63% at 22,851.17.

The Information Technology Capped Index dropped 2.94%. Celestica Inc (CLS.TO) plunged more than 10%. Shopify Inc (SHOP.TO) ended down nearly 7%, and Converge Technology (CTS.TO) settled 6.28% down. Coveo Solutions (CVO.TO), Docebo Inc (DCBO.TO), Tecsys Inc (TCS.TO), Lightspeed Commerce (LSPD.TO) and BlackBerry (BB.TO) also declined sharply.

In the materials sector, Equinox Gold Corp (EQX.TO) and Aya Gold & Silver (AYA.TO) ended down 5.9% and 5.6%, respectively. First Majestic Silver Corp (AG.TO), New Gold (NGD.TO), Ero Copper (ERO.TO), Silvercrest Metals (SIL.TO) and Seabridge Gold (SEA.TO) were among the other major losers in the sector.

Cameco Corporation (CCO.TO), ATS Corporation (ATS.TO), TFI International (TFII.TO), Cargojet (CJT.TO) and goeasy (GSY.TO) were some of the prominent losers from other sectors.

Cogeco Communications (CCA.TO) soared 10%. Interfor Corporation (IFP.TO) rallied 6.1%. West Fraser Timber (WFG.TO), Parkland Corporation (PKI.TO), Nutrien (NTR.TO), CCL Industries (CCL.A.TO), Winpak (WPK.TO) and Royal Bank of Canada (RY.TO) posted strong gains.

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Sensex, Nifty Likely To Follow Asian Peers Lower

Sensex, Nifty Likely To Follow Asian Peers Lower

Indian shares are likely to open a tad lower on Wednesday amid mixed cues from global markets.

RTTNews | 4h 58min ago

Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Wednesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,300 level, with gains across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 5h 6min ago

Steady Start Eyed For Thai Stock Market

Steady Start Eyed For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, slumping more than a dozen points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,450-point plateau although it may find traction on Wednesday.

RTTNews | 5h 31min ago

Indonesia Stock Market Due For Support On Wednesday

Indonesia Stock Market Due For Support On Wednesday

The Indonesia stock market has finished lower in five straight sessions, dropping almost 190 points or 2.5 percent along the way. The Jakarta Composite Index now rests just above the 7,600-point plateau although it may stop the bleeding on Wednesday.

RTTNews | 6h 1min ago

Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 8,200 level, following the mixed cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in iron ore miners.

RTTNews | 6h 5min ago

Rally May Stall For Hong Kong Stock Market

Rally May Stall For Hong Kong Stock Market

The Hong Kong stock market has moved higher in three straight sessions, gathering more than 200 points or 0.9 percent along the way. The Hang Seng Index now sits just above the 20,700-point plateau although it may be stuck in neutral on Wednesday.

RTTNews | 6h 16min ago

China Stock Market May Reverse Tuesday's Losses

China Stock Market May Reverse Tuesday's Losses

The China stock market on Tuesday snapped the two-day winning streak in which it had climbed more than 40 points or 1.2 percent. The Shanghai Composite now sits just above the 3,285-point plateau although it may bounce higher again on Wednesday.

RTTNews | 6h 31min ago

Australia Inflation Adds 0.2% On Quarter In Q3

Australia Inflation Adds 0.2% On Quarter In Q3

Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.

RTTNews | 6h 49min ago

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