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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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Russia's Missile Barrage on Ukraine's Power Grid Claims Lives Amid Winter Fears

Police investigators inspect debris at a site of a dormitory building heavily damaged during an overnight Russian missile and drone strikes, amid Russia's attack on Ukraine, in Zaporizhzhia.

Russia launched a devastating overnight assault on Ukraine’s energy infrastructure, killing three civilians, including a seven-year-old girl, and triggering widespread power outages across the country.

The attack, which involved hundreds of drones and dozens of missiles, targeted critical energy facilities in multiple regions, including Zaporizhzhia and Vinnystia. Ukrainian officials described the strikes as part of a deliberate campaign to cripple the country’s power supply ahead of the harsh winter months. Two men were killed in Zaporizhzhia, while the young girl died from injuries sustained in Vinnystia.

Prime Minister Yulia Svyrydenko condemned the strikes, stating, “Its goal is to plunge Ukraine into darkness. Ours is to preserve the light.” She called for increased international support, including more air defense systems and tougher sanctions against Russia.

President Volodymyr Zelenskyy echoed the urgency, revealing that over 650 drones and 50 missiles were used in the attack. He emphasized the need for stronger global pressure on Moscow to halt what he termed “systematic energy terror.”

The strikes have left large swaths of Ukraine without electricity, disrupting essential services like heating, water, and sewage systems. As temperatures drop, the humanitarian impact of these outages is expected to worsen, raising concerns about civilian safety and resilience.

This latest escalation underscores the strategic importance of Ukraine’s energy grid in the ongoing conflict and the growing toll on non-combatants. International observers warn that continued attacks on infrastructure could deepen the crisis and prolong recovery efforts.


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