Markets

Market Update

Foreign Markets Update

TSX Sector Watch

Most Actives

New Listings – TSX

New Listings – TSX-Venture

Currencies

China Booms 4% +

Asia Pacific markets mostly rose on Monday as major Chinese indexes leaped more than 4%.

In Japan, the Nikkei 225 regained 82.74 points, or 0.4%, to 22,614.92.

The Japanese yen was at 112.70 against the U.S. dollar, weakening from levels below 112.2 last week.

In Hong Kong, the Hang Seng Index leaped 591.75 points or 2.3%, to 26,153.15

Down Under, markets experienced fresh losses amid fresh uncertainties in the country's political outlook. Most sectors ended the trading day lower, with the heavily weighted financials sub-index down 0.8% while the energy sector declined 0.8%.

The Australian dollar traded at $0.7121 in afternoon trade, recovering from an earlier low of $0.7086.

Australian Prime Minister Scott Morrison will meet with independent lawmakers as early as Monday to try and shore up support for his government

The ruling Liberal Party saw a 20% swing against it at a crucial by-election in Sydney and is poised to lose its one seat parliamentary majority, the news wire said. That would leave Morrison's government reliant on support of five independent lawmakers to survive.

CHINA

The CSI 300 hiked 135.32 points, or 4.3%, to 3,270.27

The moves followed Friday's rally in Chinese stocks as authorities took steps to support the market after the release of weaker-than-expected GDP data.

One market observer, however, voiced skepticism over the recent rally in mainland Chinese stocks.

"Eventually, at the end of the day, fundamentals will still rule," Vasu Menon, vice president of group wealth management at OCBC Bank, told the media on Monday morning.

Menon pointed out there were lingering concerns over Beijing's trade war with Washington. "It doesn't look like it's going to end anytime soon," he said.

In other markets

Markets in New Zealand were shuttered for holidays.

In Singapore, the Straits Times STI index added 15.55 points, or 0.5%, to 3,078.06

In Taiwan, the Taiex index recovered 55.02 points, or 0.6%, to 9,974.28

In Korea, the Kospi index moved ahead 5.45 points, or 0.3%, at 2,161.71

In Australia, the ASX 200 lost 34.55 points, or 0.6%, to 5,904.94