ASX 200 falls 1.1pc as interest rate jitters hit Wall Street. Wesfarmers hit by downgrade
Rio faces investor pressure on London delisting. Analyst downgrades hit Wesfarmers, Nufarm. Perpetual's $20m Star buy-in. Appen revenue 'stabilising' post Google loss. A2 Milk hits 16-month high.
That's all from the Trading Day blog for Friday, May 24. The ASX 200 index closed down 1.1 per cent at 77727.6 points with all sectors in the red. Wall Street retreated sharply from a record high despite a 9.3 per cent rise in Nvidia, as stronger-than-expected US economic data fuelled interest rate jitters.
The Aussie dollar was trading around US66c.
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