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Open Edition. Thursday, August 6, 2026

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$46.02
+0.11%

Headline

U.S. communication services and energy gains offset Asian tech selloff as XEQT edges higher.

XEQT was trading up 0.11% at $46.02 in early trading, with the U.S. sleeve supplying most of the gain. The United States contributed +0.091 pp, driven by strength in communication services and energy offsetting weakness in technology. Canada added +0.018 pp as financials and energy gained ground, though technology shares slipped. Emerging Markets and International Developed both declined, with Emerging Markets down 0.83% as Asian technology stocks fell sharply on Wall Street AI concerns. The 10-year U.S. Treasury yield rose 0.48% alongside a modest uptick in crude oil, setting the tone for sector divergence across all four sleeves.

How large is this morning's move?

Typical day · This morning's +0.11% move is 0.2× 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

    25.33% of XEQT

    • XIC.TO
    +0.07% +0.02 pts to XEQT

    The Canadian sleeve rose 0.07%, with financial services and energy lifting the session despite technology weakness. Financials contributed +0.118 pp and energy added +0.083 pp as crude oil edged higher, while information technology declined 2.52% and dragged returns lower by 0.190 pp. Materials and consumer staples also lost ground in early trading, leaving the sleeve's net gain modest but positive.

    Canada market region icon

  • United States

    45.34% of XEQT

    • XTOT.TO
    • ITOT
    +0.20% +0.09 pts to XEQT

    The U.S. sleeve gained 0.20%, with communication services supplying +0.059 pp and energy adding +0.030 pp as oil prices rose. Technology shares declined 0.42%, subtracting 0.150 pp, tracking broader anxiety about artificial intelligence investment returns. Health care and consumer staples added modest support, while financials and discretionary spending also slipped. The mix left the sleeve in positive territory despite technology's pullback.

    United States market region icon

  • Intl Developed

    24.50% of XEQT

    • XEF.TO
    -0.07% -0.02 pts from XEQT

    International Developed markets declined 0.07%, with mixed regional performance among tracked exposures. France and Spain posted gains of +0.63% and +0.88% respectively, contributing +0.057 pp and +0.032 pp, while Switzerland and Germany fell 0.18% each. Japan rose 0.17%, adding +0.043 pp, leaving the sleeve's negative contribution marginal and reflecting broad balance across the developed world.

    Intl Developed market region icon

  • Emerging Mrkts

    4.68% of XEQT

    • XEC.TO
    -0.83% -0.04 pts from XEQT

    Emerging Markets fell 0.83%, dragged down sharply by South Korean technology stocks plunging on AI concerns. South Korea declined 3.11%, subtracting 0.575 pp, the largest single driver of the sleeve's loss. Taiwan retreated 0.31%, China slipped 0.28%, and Malaysia fell 0.86%, combining to sap returns. Small gains in Poland, South Africa, Mexico, and Thailand provided minor offset, but the concentration of weakness in the region's largest tech exposures proved decisive.

    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

The session exemplifies how concentrated sectoral weakness can offset broad-based gains elsewhere. Emerging Markets weakness, centered in South Korea's technology selloff, dragged the entire fund lower despite outright gains from Canada and the U.S. The U.S. sleeve's resilience in communication services and energy, combined with Canadian financials and energy strength, proved enough to keep XEQT slightly positive in early trading. For a long-term holder, this session reinforces that daily moves of under 0.2% sit well below the recent 20-session average of 0.67%, placing today's volatility squarely within routine range.

Signals

  • 01

    South Korea tech rout concentrates EM weakness

    South Korean equities fell 3.11% in early trading as semiconductor and technology shares came under pressure from concerns about artificial intelligence profitability. This single market contributed more than half of Emerging Markets' total daily loss, underlining how concentrated losses in one large position can substantially move a broadly diversified sleeve.

  • 02

    Bond yields spike as oil and inflation signals return

    The 10-year U.S. Treasury yield rose 0.48% alongside a modest increase in crude oil, signaling renewed inflation expectations and demand strength. Rising yields typically pressure rate-sensitive sectors, explaining technology's decline across both the U.S. and Emerging Markets sleeves despite communication services and energy finding support.

  • 03

    Narrow range across all four sleeves

    All four XEQT sleeves moved within a narrow band today, with no sleeve swinging more than 0.83% in either direction. This balance is worth watching for confirmation: narrow moves across diverse geographies can signal consolidation before a clearer directional shift emerges.

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Key events from the last 20 days

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Jul 9 to Aug 6 · $45.23 → $46.02

+1.76%