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Open Edition. Tuesday, July 7, 2026

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$45.38
-0.37%

Headline

XEQT falls 0.37% as tech and chip stocks decline on Samsung earnings reassessment.

XEQT fell 0.37% in early trading as technology and semiconductor stocks declined across multiple regions following Samsung Electronics' earnings forecast. U.S. technology was the main drag within the largest sleeve, declining 2.92% and erasing nearly 1 percentage point from XEQT. Japan slipped 1.61% and South Korea fell sharply, with Taiwan sinking 4.43%, but these losses were partially offset by gains in Canadian energy (up 1.51%) and modest strength in communication services and health care within the U.S. sleeve.

How large is this morning's move?

Typical day · This morning's -0.37% move is 0.6× the 20-day average move.

This scale measures size, not what to do. Larger moves are a normal part of holding a global all-equity fund.

The Regions

  • Canada

    24.89% of XEQT

    • XIC.TO
    +0.32% +0.08 pts to XEQT

    Canada edged higher by 0.32%, supported by a 1.51% surge in energy as oil climbed 1.85%. Financials added modestly at 0.26%, while technology and materials offset some gains. The energy advance reflected crude strength amid geopolitical developments, providing the most stable regional contribution to XEQT today.

    Canada market region icon

  • United States

    45.38% of XEQT

    • XTOT.TO
    • ITOT
    -0.35% -0.16 pts from XEQT

    The U.S. sleeve declined 0.35% despite modest gains in communication services and health care, each rising roughly 1.8%. Technology's 2.92% drop and industrials' 1.93% decline dominated the session, driven by renewed concerns over AI valuations sparked by Samsung's earnings guidance. Within the tracked exposures, the sector-level weakness overwhelmed sector strength elsewhere.

    United States market region icon

  • Intl Developed

    24.59% of XEQT

    • XEF.TO
    -0.53% -0.13 pts from XEQT

    The Intl Developed sleeve fell 0.53%, with Japan's 1.61% decline as the dominant force. The Samsung-triggered chip selloff reverberated through regional semiconductor stocks, while Japan's tech-tilted composition amplified the pressure. The UK posted a small gain of 0.53%, but this was insufficient to offset losses across continental Europe and other developed markets.

    Intl Developed market region icon

  • Emerging Mrkts

    4.92% of XEQT

    • XEC.TO
    -2.36% -0.12 pts from XEQT

    Emerging markets plunged 2.36%, the day's sharpest regional loss. South Korea fell 4.84% with circuit breakers triggered multiple times, while Taiwan sank 4.43% as investors rotated out of electronics. Samsung's earnings forecast triggered a broad reassessment of stretched valuations tied to artificial intelligence, overwhelming gains in China and Brazil. The two largest regional exposures collapsed in tandem, driving the sleeve's outsized contribution to XEQT's overall decline.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move this morning (threshold = ±0.1 percentage points). Returns are daily ETF price moves for tracked regional or sector categories and may differ slightly from raw index movements.

The Hold Line

XEQT's modest decline masks a day divided sharply between regions. Energy and financials provided modest domestic ballast, but technology weakness in the U.S. and broad semiconductor losses across Asia overwhelmed those gains. The emerging markets sleeve bore the heaviest pressure, with Taiwan and South Korea down more than 4% each, but this concentrated damage left the fund's overall loss within the normal range of daily volatility.

Signals

  • 01

    AI valuation reset across regional tech stocks

    Samsung Electronics' second-quarter earnings forecast triggered a sharp repricing of semiconductor and AI-related valuations across Asia. For long-term XEQT holders, this pullback represents a normal correction within a volatile sector rather than a reason to alter positioning.

  • 02

    Treasury yields climb amid growth sector pressure

    The 10-year U.S. Treasury yield rose 40 basis points to 4.4970%, driving losses in technology and reinforcing pressure on growth-sensitive sectors. For a diversified equity holder, this backdrop highlights why the fund's exposure across value-oriented sectors like energy and communication services continues to provide internal ballast.

  • 03

    Canadian energy holds ground as oil strengthens

    Canadian energy rallied 1.51% as crude oil climbed 1.85%, providing the day's most reliable domestic anchor. This resilience in cyclical domestic exposure offsets the drag from international technology weakness, a reminder that XEQT's regional diversification continues to cushion concentrated sector moves.

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Jun 9 to Jul 7 · $43.98 → $45.38

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