ASX 200 lower; Iron ore prices slid to near $US100, Downer's shock impairment
A second day of losses sets bourse up for first weekly fall in a month. Iron ore nears $US100. Downer slides on 'surprising' writedown. ASIC slaps ban on fund linked to former RBA boss.
Welcome to the Trading Day blog for Thursday, August 3. It was a sea of red across the Australian sharemarket on Thursday as the S&P/ASX 200 index fell 0.6 per cent to 7311.80.
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ASX turns flat; US tech stocks smashed
Seesaw day on the ASX following heavy falls across US tech stocks. Investors spooked following emergence of low-cost Chinese generative AI model DeepSeek. Goodman, Nuix shares fall hard.
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