ASX enters negative territory
Local stocks have swung into the red after $34.5bn was wiped off the index yesterday.
Local stocks have swung into the red after $34.5bn was wiped off the index yesterday.
CBA has seen more than $26bn in market value melt away this year as investors shun the biggest stock on the index.
The local market closed at a two-month low as it endured a fourth week of losses in a row.
Local market heavyweights are being hit hard, with miners and banks all languishing in the red.
JP Morgan is worried about the downward trend in earnings revisions and a weaker Aussie dollar.
The ASX is rallying hard but hundreds of millions have been wiped off the aged care sector.
A growing gulf is separating the big four banks as investors shun the heavyweight and flock to ANZ.
As BHP’s shares dip below $20, there are predictions iron ore is set to plunge.
CBA’s outperformance against its chief rivals is set to come to a swift end, Morgan Stanley says.
In a potential world first, an Aussie miner has thrown out the original concept behind dividends.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/161