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ASX 200 retreats from record; Fortescue executive quits; IGO drops

Another high-profile Fortescue empire departure. IGO hit by South32 royalties claim, broker downgrades. Business confidence falls. SkyCity ups AUSTRAC penalty provision. 

David Rogers, Joseph Carbone and Megan Neil
less than 2 min read
5:59AMFebruary 01, 2024.
Updated 5:12PMFebruary 01, 2024
The Australian Business Network
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The ASX is expected to fall after Wall Street tech stocks slipped.
The ASX is expected to fall after Wall Street tech stocks slipped.

Welcome to the Trading Day blog for Thursday, February 1. The ASX 200 closed 1.2 per cent lower at 7588.20 points, ending its winning streak after hitting record highs Wednesday.

The Aussie dollar is lower, trading around US65.46c.

More Coverage

New era for Reserve Bank
Glenda Korporaal
Read related topics:AdelaideASXFortescue MetalsSouth32

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Original URL: https://www.theaustralian.com.au/business/trading-day/asx-to-fall-us-tech-slips-before-fed-call/live-coverage/afe9aee5b4e9294e6ef8dbcba8802ffc