India, May 15 -- Reversing the gains from yesterday's session, Canadian stocks slumped on Friday as the U.S.-China summit concluded with no announcement on a possible Chinese mediation to end the U.S.-Iran war, thereby renewing escalation concerns and leaving the Hormuz crisis unresolved.
After opening below yesterday's close, today the benchmark S&P/TSX Composite Index traded firmly negative throughout the session before settling at 33,833.35, down by 434.92 points (or 1.27%).
Three of the 11 sectors posted gains today, with the energy sector leading the pack.
The much-anticipated U.S.-China summited ended in Beijing, China. U.S. President Donald Trump met with Chinese President Xi Jinping in the two-day trip where both leaders had exte...