TSX Falls Most in Five Months on Tech Rout
Canada's main stock index dropped two percent on Thursday following a selloff in US technology shares and weak corporate earnings. The TSX technology sector fell heavily alongside consumer discretionary and financials.
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Canada's S&P/TSX Composite Index fell 736.13 points, or 2%, to 35,605.27 during Thursday afternoon trading, marking its steepest decline in five months. The selloff followed a sharp drop in United States technology shares driven by fears of tighter artificial intelligence regulation. The market reversal erased much of the previous day's gains across domestic equities.
