Manage episode 374221357 series 2991632
ASX 200 fell 63 points to 7277 (-0.9%) as more Chinese woes hit confidence and iron ore losses mount in Asian trade. The big miners slid, BHP down 2.1% and FMG off 1.8%, with lithium stocks under pressure, PLS down 6.0%, and AKE dropping 3.9%. Base metal stocks eased too with gold miners holding in places. Oil and gas stocks gave up early gains as oil lost 1% in Asian trade. Coal stocks drifted lower with WHC down 1.2%. Banks were softer as BEN reported and lost 2.9%. CBA is down 0.7% and the Big Bank Basket at $179.01 (-0.8%). Insurers slid with SUN down 1.9%. Money managers also sliding lower. Healthcare lost ground with CSL under pressure yet again down 1.2% ahead of numbers tomorrow. RMD bucked the trend up 1.9%. REITS slid on higher yields; Tech eased with the All-Tech Index up 0.8% with XRO off 0.3%. Rate-sensitive industrials fell, TCL off 1.1% and REA off 0.8% as analysts digested recent results. In corporate news, CAR reported and rose 7.0%, JBH held up well on better numbers than expected, rising 2.8%. GWA posted a good result rising 7.5% and BPT disappointed yet again and slid 3.6% on lower revenue numbers. Nothing on the economic front. Asian markets wobbled on China woes, Japan down 1% HK down 2.1%, China down 0.4%. 10-year yields holding at 4.21% and the AUD under pressure below 65c. Dow futures down 64 points and NASDAQ futures down 24 points.
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