ASX 200 falls; $21bn Santos-Oil Search merger finalised
ASX closes down 0.42 per cent with health and energy weak, Santos-Oil Search merger complete, and HomeCo restructure wins investor approval.
Welcome to the Trading Day blog for Friday, December 10. The ASX closed lower on health, energy and tech stocks. The Santos and Oil Search merger became official and the HomeCo restructure won investor approval.
The S&P/ASX 200 closed 0.42 per cent lower at about 7354, with most sectors falling into the red.
The Dow Jones Industrial Average closed little changed, reversing earlier gains. The S&P 500 lost 0.7 per cent and tech-heavy Nasdaq was off 1.7 per cent.
Iron ore fell 0.3 per cent to $US106.70 a tonne yesterday. The US Nymex crude price was down 2.6 per cent to $US70.47 a barrel, falling after three days of gains.
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