Fiery evidence at PwC hearing; ASX 200 down 2pc-plus after big US falls, UK rate cut; Amazon, Apple results
'People were making good money for good effort. But it wasn't egregious': Luke Sayers. Mercer to cough up $11.3m for greenwashing. ASX has worst day in almost two years. JB Hi-Fi falls on downgrades. Afterpay owner among top gainers on strong guidance.
Welcome to the Trading Day blog for Friday, August 2. The ASX 200 index closed 2.1 per cent lower to 7943.20 points -- marking its worst day in nearly two years -- after big falls in the US on weak economic data, disappointing earnings and the UK's first rate cut since 2020.
The Aussie dollar was trading around US65.15c at 5.10pm AEST.
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