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S&P/TSX falls more than 100 points as U.S., China tensions flare

S&P/TSX falls more than 100 points Wednesday

May 21, 2025
4 hrs ago

S&P/TSX falls more than 100 points as U.S., China tensions flare — People sit outside the TMX Market Centre in Toronto, Wednesday, Sept. 11, 2024. THE CANADIAN PRESS/Paige Taylor White

People sit outside the TMX Market Centre in Toronto, Wednesday, Sept. 11, 2024. THE CANADIAN PRESS/Paige Taylor White

TORONTO - Canada's main stock index slid by more than 100 points and U.S. markets also tumbled Wednesday after China labelled America's approach to semiconductors "unilateral bullying."

The S&P/TSX composite index was down 138.05 points at 25.917.58.

In New York, the Dow Jones industrial average was down 304.55 points at 42,372.69. The S&P 500 index was down 12.27 points at 5,928.19, while the tech-heavy Nasdaq was up 47.78 points at 19,190.49.

The ��ɫֱ�� dollar traded for 72.25 cents US compared with 71.76 cents US on Tuesday.

The July crude oil contract was down 12 cents US at US$61.91 per barrel and the June natural gas contract was down 44 cents US at US$3.38 per mmBTU.

The June gold contract was up US$23.30 at US$3,307.90 an ounce and the July copper contract was up three cents US at US$4.68 a pound.

This report by ��ɫֱ��was first published May 21, 2025.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)