ASX 200 drops 1.1% to four-month low, IT, healthcare stocks hit
Stocks end 1.1 per cent lower at a four-month low. Big falls in the IT, healthcare and energy sectors after Wall Street tumbled, amid rising bond yields. Iron ore prices fell.
Welcome to the Trading Day blog for Wednesday, September 29. Australian stocks close 1.1 per cent lower at a four-month low, hurt by falls across the IT, healthcare and energy sectors. Wall Street tumbled as rising bond yields deepened a rout in shares of technology companies.
On Wall Street, the Dow lost 1.6 per cent, the S&P 500 fell 2.0 per cent and the Nasdaq tumbled 2.8 per cent. European markets also fell. Brent oil prices slipped after briefly jumping above $US80 a barrel for the first time in almost three years.
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Originally published as ASX 200 drops 1.1% to four-month low, IT, healthcare stocks hit
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