ASX 200 closes down 0.28%; PNG approves Oil Search takeover
ASX closed down 0.28% with tech stocks weak, PNG courts approve Santos-Oil Search deal, Woodside targets east coast, Sydney Airport lifts on ACCC backing and jobs recovery slows.
Welcome to the Trading Day blog for Thursday, December 9. ASX closed down 0.28% after five consecutive days of gains. It comes as Woodside plots an east coast move and Johns Lyng reveals plans to raise $230m.
The S&P/ASX 200 Index closed down 0.28% at 7,384.50, led by falls among tech and consumer discretionary stocks.
The Dow Jones Industrial Average closed up 0.1 per cent, the S&P 500 gained 0.3 per cent and tech-heavy Nasdaq climbed 0.6 per cent.
Iron ore traded down 1.4 per cent yesterday to $US107 a tonne. The US Nymex crude price is up 0.8 per cent to $72.62 per barrel.
More Coverage
ASX ends up 0.5pc; Brookfield enters Insignia battle; former Star CEO cops ban
ASX 200 gains 0.5 per cent, led by resources, tech, property, industrials and communications. Macquarie weighs on financial sector. Google owner Alphabet's earnings disappoint. Brookfield lobs new offer to takeover target Insignia. Amcor lifts on reaffirmed guidance, estimates win. Former Star CFO cops ban.
ASX 200 ends flat as China retaliates to US tariffs
Australian stocks end flat, Aussie dollar dives 0.9 per cent as rebounds halted after US tariffs on China go ahead and China retaliates. Woolworths, Westpac announce leadership changes. Nine remains in 'difficult position': UBS.