Paisa Vaisa is India's leading podcast on personal finance with 1m+ downloads, 130+ hours of content and conversations, 150+ guests, and 300+ episodes. Since 2017, Paisa Vaisa has interviewed experts across the spectrum of personal finance covering diverse topics such as mutual funds, stocks, housing, loans, education, crypto, and much more. Listen in now to make smarter decisions with your money!
Manage episode 330249201 series 2991632
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- The ASX 200 slid 75 points lower to 7211 (-1.0%) as banks wobbled despite bond yields rising. A 20 point sell-off on close not helping. The Big Bank Basket fell to $184.53 (-2%) as the AFR Banking Summit brought out the bears. NAB down 1.9%, CBA off 2.1% and insurers also falling on negative industry comments, SUN down 6.4% and QBE off 2.3%. Financial also suffering as MQG fell 1.1% and MFG down 2.9%. Industrials too in the naughty corner today with consumer stocks slipping slowly, WES down 1.0%, WOW off 0.8% and QAN down 1.8% as oil continues to surge higher. Healthcare also on A&E today with CSL down 0.8% and SHL falling 1.2%. Tech slipped, the All-Tech Index down 2.0% with XRO and WTC lower, BNPL once again slid with ZIP down 6.2% and SZL off 3.5%. In resources, some green on the screen, RIO and FMG better with base metals and lithium stocks holding firm but oil and gas stocks slipped a little, WOR down 2.8% and WDS off 1.6%.
- In corporate news, KLL rose 13.6% on a Beyondie update, WGN up 11.8% on a contract win in Sydney.
- On the economic front, plenty for analysts to digest with consumer confidence, Balance of Payments (BOP) and Chinese PMIs to keep us on our toes. Asian markets mixed ahead of US reopening Japan down 0.5% China up 0.8% and HK up 0.9%. 10 -year yields soaring to 3.35% on Chinese reopening.
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