July 7 (Reuters) - Canada's main stock index closed lower on Monday, tracking U.S. markets after U.S. President Donald Trump announced fresh tariffs against Japan and South Korea, sparking trade jitters among Canadian investors.

The benchmark S&P/TSX composite index (.GSPTSE) , opens new tab closed down 15.88 points, or 0.06%, at 27,020.28.

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The TSX turned lower earlier in the day while investors awaited updates on trade developments. The index had posted fresh all-time highs every day last week and touched another record high on Monday before turning red.

Wall Street's major indexes closed lower after Trump's tariff announcements.

"It's more just a warning that these are friendly countries that are getting to the tariffs, and that's probably a reminder that Canada is not out of the woods yet," said Greg Taylor, chief investment officer at PenderFund Capital Management.

"We're starting to see that the tariff (worries) haven't gone away yet fully, that there's still going to be uncertainty around earnings. Investors are saying, 'Well, we've had such big gains. Why don't we hit pause and take some profits?'"

Healthcare (.GSPTTHC) , opens new tab stocks fell 0.3% and energy (.SPTTEN) , opens new tab stocks were down 0.6%.

Mining (.GSPTTMT) , opens new tab stocks gained 1.2% as gold pared losses after Trump's tariff news, prompting some safe-haven interest.

Among individual stocks, ATS Corporation (ATS.TO) , opens new tab was the biggest loser on the TSX, falling 8%, as CEO Andrew Hider is set to leave the company.

Sandstorm Gold (SSL.TO) , opens new tab gained 6.2% after Royal Gold (RGLD.O) , opens new tab said it will acquire the company for about $3.5 billion.

Horizon Copper (HCU.V) , opens new tab gained 67.7% after Royal Gold announced the acquisition of the company in an all-cash deal worth $196 million.

https://www.reuters.com/markets/europe/tsx-futures-rise-us-postpones-tariff-deadline-2025-07-07/