ASX ends winning streak; Lynas jumps on Mt Weld plans; CHESS delays hit ASX Ltd shares

ASX lower as utilities and financials drag. Lynas Rare Earth rallies on Mt Weld expansion, Pfizer ups ResApp offer, retail sales volumes hit record peak and ASX flags CHESS delays.

Welcome to the Trading Day blog for Wednesday, August 3. The Australian sharemarket snapped a six-day winning streak to end lower on broad losses led by consumer discretionary and staples.

The S&P/ASX 200 index closed down 0.3 per cent to 6975.90.

On Wall Street, the Dow Jones index fell by 1.2 per cent while the S&P 500 index lost 0.7 per cent and the tech-heavy Nasdaq index ended 0.2 per cent lower.

US 10-year bond yields rose to near 2.75 per cent and US two-year yields are also up to 3.06 per cent.

Oil prices are higher ahead of the OPEC+ oil producers meeting with global benchmark Brent crude up 0.5 per cent to $US100.54 per barrel and the US Nymex crude climbed 0.6 per cent to $US94.42 per barrel.

The iron ore futures price is down 0.1 per cent to $US114.74 per tonne.

The Aussie dollar is near US69.20c at the US close.

Originally published as ASX ends winning streak; Lynas jumps on Mt Weld plans; CHESS delays hit ASX Ltd shares

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