Fourth straight weekly loss for ASX
The Australian stock market finished the week lower, with the benchmark index weighed down by banks, big miners and tech stocks.
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The Australian stock market finished the week lower, with the benchmark index weighed down by banks, big miners and tech stocks.
The Australian share market rose after a three-day Wall St sell-off was snapped, with tech stocks regaining some ground.
A massive tech stock sell-off on Wall St and lower oil prices have helped plunge the Australian share market firmly into the red.
A strong lead from European share markets has combined with a higher iron ore prices to help push up the ASX for the second consecutive day.
Banks, miners and bargain hunters helped push the share market marginally higher, but nowhere near enough to offset Friday’s big plunge.
The ASX has shed $50 billion within a half-hour window today, nosediving almost 3 per cent by midday and erasing all gains seen in the past month.
The Australian stock market closed higher for the second straight day, with the S&P/ASX200 breaching the key 6100-point mark.
The Australian stock market slid into the red as the latest earnings reporting season wrapped up, with economists deeming it the weakest in many years.
Investors responded positively to full-year earnings reports from Bega, Woolworths and gold miner Perseus, pushing the market higher.
Utilities, banks and miners weighed on the Australian share market, which sunk into the red after starting the trading week with two straight days of gains.
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A strong lead from Wall Street saw the S&P/ASX200 burst out of the gates, almost reaching the key 6200 point mark before pulling back to close 0.5 per cent higher.
The benchmark S&P/ASX200 Index closed within the narrow range it has been stuck in all week, not once piercing the key 6200 point mark.
The Australian share market snapped a two-day winning streak to close in the red, weighed down by banks, miners, health stocks and profit taking.
Healthcare sector giant CSL played a big role in lifting the Australian share market after booking higher full year profits and flagging a potential vaccine for coronavirus in mid-2021.
A revised economic forecast by the Reserve Bank sent the Australian sharemarket lower, with miners among those sold off.
Daily coronavirus numbers in Victoria and NSW are playing a big role in Australian investor sentiment, analysts say, as the local market closes higher.
Record COVID-19 cases in Victoria and US-China tensions weighed on Australian investor sentiment today but gold shares climbed.
The Australian stock market has finished higher amid buoyant commodity prices and a degree of “irrational optimism” among investors.
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Original URL: https://www.news.com.au/topics/asx/page/29