Canadian stock falls

Toronto, Jan 19 (IANS) Canada’s main stock market in Toronto opened another week on a down note with a triple-digit loss that brought the index down to 30-month low levels.

The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index lost 131.29 points, or 1.09 percent on Monday, to close at 11,942.17 points, Xinhua news agency reported.

All of the index’s eight main sectors ended negative.

The last time the TSX closed below 12,000 points was in June 2013. The index is now down almost 23 percent from its all-time high close of 15,657.63 set on Sept. 3, 2014.

West Texas Intermediate crude, the main North American contract, fell 48 cents to $28.94 a barrel on Monday at mid-afternoon.

Brent was trading even lower at $28.80 a barrel. It is unusual for the main international contract to fall below WTI in price.

The Canadian dollar was traded lower at $0.6870, compared with Friday’s closing rate of $0.6882.

Chinese yuan weakens

Beijing, Jan 19 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened by 6 basis points to 6.5596 against the US dollar on Tuesday, according to the China Foreign Exchange Trading System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, Xinhua news agency reported.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Tokyo stocks decline

Tokyo stocks on Tuesday opened lower owing to the ongoing global oil glut and related geopolitical concerns as well as jitters over a perceived slowdown in China’s economy.

As of 9.15 a.m. (local time), the 225-issue Nikkei Stock Average declined 40.07 points, or 0.24 percent, from Monday to 16,915.50, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 4.80 points, or 0.35 percent, to 1,383.13.

Early issues comprising notable decliners were foods, banks and insurance-linked stocks.

Chinese shares open mixed

Beijing, Jan 19 (IANS) Chinese stocks opened mixed on Tuesday, with the benchmark Shanghai Composite Index up 0.02 percent, at 2,914.41 points.

The smaller Shenzhen index opened 0.18 percent lower at 10,137.38 points, Xinhua news agency reported.

The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, lost 0.22 percent to open at 2,170.09 points.

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