ASX 200: RBA rate cuts in doubt; SingTel boss 'deeply sorry' for Optus fail; James Hardie bonus questions
Shares dive on inflation surprise. Bourse operator ASX must make 'foundational changes': RBA. Optus commissions independent review into Triple Zero outage as SingTel says CEO Stephen Rue has 'full support'. Star Sydney's licence suspension extended.
That's all from the Trading Day blog for Wednesday, September 24. The ASX closed down 0.9 per cent at 8764.5 points with banks diving after higher than expected inflation numbers with economists pushing out their expectation of rate cuts.
On Wall Street, the tech-heavy Nasdaq index shed 1 per cent on falls by the Magnificent Seven stocks, the S&P 500 fell 0.5 per cent and the Dow Jones index shed 0.2 per cent.
Cryptocurrency giant bitcoin is around $US111,600.
The Aussie dollar is trading around US66.18c.
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