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Daily Markets Update: TSX Rebounds, Europe Hits a Record, Nvidia Shock Rattles Asia (Nov. 12)

  CANADIAN MONEY BRIEF · DAILY MARKETS UPDATE Thursday, November 12, 2026 · Covers Wednesday’s close and Thursday’s Asian session Markets got their AI swagger back on Wednesday — and then Nvidia took some of it away overnight. A strong CoreWeave report lifted tech, pushed the S&P/TSX Composite higher and sent Europe to a record close, but reports that Nvidia’s board is weighing whether to remove CEO Jensen Huang rattled Asian chip stocks on Thursday and pointed U.S. futures lower. AT A GLANCE TSX: +0.67% to 36,411.72, recovering part of Tuesday’s hot-inflation drop. Wall Street: S&P 500 +1.31%, Nasdaq +1.60%, Dow +0.49% as CoreWeave revived the AI trade. Europe: STOXX 600 and Germany’s DAX both closed at records. Asia (Thursday): Taiex -2.63%, Nikkei -0.70% on Nvidia leadership worries. Gold slipped under US$4,000 on a firmer U.S. dollar; oil rebounded from two-month lows. Canada: TSX Claws Back Tuesday’s Loss The S&P/TSX Composite rose 241.27 points, or 0.67%, to...

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Devastating Explosion Rocks Bandar Abbas Port, Injuring Hundreds

 

A massive explosion at the Shahid Rajaee port in Bandar Abbas, southern Iran, has left at least 281 people injured, according to state media reports. The blast occurred on Saturday, April 26, 2025, and caused significant damage to the port, which is a key hub for container traffic and petrochemical activities.

Authorities have stated that the explosion originated from several containers stored in the port's wharf area. The exact cause of the incident remains under investigation, but negligence in handling flammable materials has been cited as a possible factor. Emergency response teams have been working tirelessly to evacuate and transport the injured to nearby medical facilities.

The explosion caused widespread destruction, shattering windows within a radius of several kilometers and creating a mushroom cloud visible from afar. Videos shared on social media showed thick black smoke billowing from the site and damaged buildings and vehicles in the vicinity.

This tragic event coincides with ongoing nuclear negotiations between Iran and the United States in Oman, adding a layer of complexity to an already tense situation. While no fatalities have been confirmed, the scale of the injuries and damage underscores the severity of the incident.

Rescue operations are ongoing, and authorities are urging caution as they continue to assess the situation. The Shahid Rajaee port, located near the Strait of Hormuz, plays a critical role in global trade, making this explosion a matter of international concern.

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