ASX 200 down after US credit rating cut; Woolworths faces 1000 criminal charges
Sentiment turns after Fitch cuts US credit rating. Dollar slides to two-month low. Macquarie flags AGL challenges. Woolworths faces 1000 criminal charges over unpaid leave.
Welcome to the Trading Day blog for Wednesday, August 2. The S&P/ASX 200 index fell 1.3 per cent to 7354.70 - its biggest one-day fall in almost four week after Fitch cut its US credit rating.
ASX 200 falls on China update; BHP leads mining reversal
Iron ore, copper futures, AUD down after China's underwhelming economic update. RBA's 'step down' in hawkishness evident in September minutes, but deputy governor Andrew Hauser says inflation job's not done yet.
ASX 200 rises on banks; Arcadium top gainer
Rio Tinto's takeover approach lifts Arcadium Lithium appeal. West African Resources drops on Burkina Faso mining concerns. Qantas may avoid second strike after proxy backing.