The TSX is down 0.40%, while the TSX Venture Index is lower by 0.30%, as Canadian markets pull back amid renewed pressure from Asia’s semiconductor selloff and fresh geopolitical tension in the Middle East. U.S. markets are also weaker, with the Dow down more than 1%, while the Nasdaq is barely positive as traders weigh chip-stock weakness against selective buying in technology. London’s FTSE 100 is little changed but slightly lower.
Commodities are mixed as oil jumps sharply on renewed fighting and supply-risk concerns, while gold and copper both slip. Bitcoin is higher in Canadian-dollar terms, gaining nearly 1%, even as broader risk sentiment remains cautious. Investors are also watching the Federal Reserve, which is expected to keep rates unchanged for now despite persistent inflation pressures and renewed volatility in energy markets.
Market numbers
TSX: Down (‑0.40%) 35,608.25
TSXV: Down (‑0.30%) 864.46
DOW: Down (‑1.02%) 52,181.3
NASDAQ: Up (+0.02%) 27,616.9
FTSE 100: Down (‑0.02%) 10,888.96
In the headlines
- UBS rises on record revenue and strong profit: UBS (NYSE:UBS) — the Swiss banking giant with global wealth management, investment banking, and trading operations — rose after posting record revenue and second-quarter net profit of $2.8 billion. The results highlight stronger client activity and resilient trading performance despite market volatility.
- SK Hynix sinks despite massive profit surge: SK Hynix (NDAQ:SKHY) — the South Korean memory-chip leader and key supplier to the AI hardware market — reported a 557% profit surge, but the stock still fell as investors questioned whether earnings momentum can keep pace with elevated expectations. The selloff underscores how unforgiving the semiconductor trade has become after a powerful AI-driven rally.
- First Quantum profit rises sharply year over year: First Quantum Minerals (TSX:FM) — the Canadian copper producer — reported second-quarter net earnings of US$136 million, up from US$18 million a year earlier. The improvement reflects stronger operating performance and continued demand for copper despite volatility in metals markets.
Currencies
USD: Up (+0.16%) $0.7096
GBP: Up (+0.15%) $0.5339
EUR: Up (+0.15%) $0.62345
JPY: Up (+0.10%) ¥116.272
AUD: Up (+0.59%) $1.0220
Bitcoin (BTC/CAD): Up (+0.90%) 90,986.6
(Conversion to C$1)
Commodities
Copper: Down (‑0.42%) 6.35439
Gold: Down (‑0.44%) 4,010.93
WTI: Up (+5.86%) 81.50
Natural Gas: Up (+0.74%) 2.713
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