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ASX 200 in $40bn wipeout; Johns Lyng tumbles amid headwinds; Tech sector in worst day of 2023

Tech sector sees sharpest fall for 2023 as bourse plunges. Johns Lyng tumbles on headwinds. Gold Road dumped on output cut. Iron ore looks to end losing streak.

David Rogers, Valerina Changarathil and Matt Bell
Global and local Interest rates and inflation updates along with geopolitical developments are keeping investors busy. Picture: Gaye Gerard
Global and local Interest rates and inflation updates along with geopolitical developments are keeping investors busy. Picture: Gaye Gerard
less than 2 min read
6:09AMJune 22, 2023.
Updated 5:12PMJune 22, 2023
The Australian Business Network

Welcome to the Trading Day blog for Thursday, June 22. The S&P/ASX 200 index dropped 1.6 per cent to 7195.50 after Federal Reserve Chair Jerome Powell said there was a  compelling case for more rate hikes.

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-may-slip-wall-st-falls-on-hawkish-powell/live-coverage/32e508c24ee8664dea05953051f0cd88