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ASX 200 ends down 0.4% as Evergrande falls

Australia's sharemarket fell slightly at the end of a volatile week. The S&P/ASX 200 index closed down 0.4% at 7342.6 and suffered its first three-week fall in seven months.

Global markets have been focused this week on the fate of Chinese property developer Evergrande. Picture: Jeremy Piper
Global markets have been focused this week on the fate of Chinese property developer Evergrande. Picture: Jeremy Piper

Welcome to the Trading Day blog for Friday, September 24. Australian stocks turned down despite Wall Street rallying to notch up a second straight day of gains.

The Dow added 1.5 per cent, the broad-based S&P 500 gained 1.2 percent and the Nasdaq advanced 1.0 per cent. European markets were mostly stronger and oil prices rose.

Originally published as ASX 200 ends down 0.4% as Evergrande falls

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Original URL: https://www.heraldsun.com.au/business/asx-200-set-to-edge-up-as-wall-street-surges/live-coverage/c32f6da53aad9d9626d20f33684fd0bf