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Kospi Plunges 5%, Oil Near $106 as TSX Reopens | Daily Markets Update Oct 13

  Canadian Money Brief • Daily Markets Update • Tuesday, October 13, 2026 Good morning. Canadians return from the long weekend to a lot of catching up. Asia's chip stocks were hammered overnight, oil is hovering near US$106 a barrel, and the loonie is sitting near its weakest level in 18 months. The TSX reopens today after Thanksgiving, and Wall Street's big banks kick off earnings season ahead of tomorrow's US inflation report. The Big Three Today 1. Kospi crashes 5.46% to 6,035 on a global chip and AI selloff 2. Brent settles at US$106.65, its highest close since Sept. 15, on attacks on Saudi Arabia 3. TSX reopens after Friday's 519-point jump on a shock jobs report; USD/CAD near 1.43 Canada: TSX Reopens After a Jobs Shock The Toronto Stock Exchange was closed Monday for Thanksgiving, so Friday's session is still the latest close, and it was a big one. The S&P/TSX Composite jumped 519.24 points (+1.48%) to 35,664.62 after Statistics Canada reported that t...

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Rob Jetten’s D66 Secures Historic Dutch Election Victory

 

Democrats 66 (D66) party leader Rob Jetten speaks next to the media members at the Dutch Parliament, after the Dutch parliamentary elections, in The Hague, Netherlands, October 30, 2025. 


The Netherlands has entered a new political chapter as the centrist-liberal Democrats 66 (D66) party emerged as the clear winner of the country’s general election, according to Dutch press agency ANP.

Led by 38-year-old Rob Jetten, D66 secured the largest share of votes, overtaking the far-right Freedom Party (PVV) of Geert Wilders. With nearly all ballots counted, D66’s lead is now unassailable, positioning Jetten to become the youngest prime minister in Dutch history.

The victory marks a significant shift in Dutch politics. D66, a pro-European Union and socially liberal party, campaigned heavily on issues such as housing affordability, climate action, and migration reform. Jetten emphasized cooperation across the political spectrum, calling on mainstream parties from both the left and right to work together in forming a coalition government.

Despite its strong showing, D66 will still need to negotiate with at least three other parties to secure a majority in the 150-seat Dutch parliament. Coalition talks are expected to be lengthy, as is typical in the Netherlands’ fragmented political landscape.

Jetten’s rise is historic not only because of his age but also because he is set to become the country’s first openly gay prime minister, a milestone that underscores the Netherlands’ progressive reputation.

The election outcome also signals a setback for Wilders’ PVV, which had been polling strongly in the run-up to the vote. However, the centrist surge of D66 suggests that Dutch voters favored a message of pragmatism and inclusivity over populist rhetoric.

As coalition negotiations begin, the focus will turn to how Jetten and his party can translate their electoral momentum into a governing agenda. For now, the D66 victory represents a decisive moment in Dutch politics, reshaping the balance of power and setting the stage for a new generation of leadership.

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