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.
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.
ASX 200 rises; RBA rate cut hopes dim on labour resilience
August jobless rate steady at 4.2 per cent with 47,500 more employed. US Fed's jumbo rate cut ramps up RBA pressure. ALS cuts profit guidance. Sims soars on 'good start' to FY25. Orica second-half slightly better than forecast.
ASX flat after choppy session ahead of US Fed rate call
PolyNovo director pockets near-$2m in selloff. 'Misalignment' between Labor and business risky: KPMG. Harvey Norman sued over alleged worthless warranties. Woodside sets up decade of LNG supply to Japan.