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ASX 200 ends at four-month low; banks drop amid UBS-Credit Suisse deal, gold miners rally

Financials and materials send ASX lower amid UBS-Credit Suisse deal. Latitude trying to contain cyber attack. Gold at 11-month high. Healius soars on ACL bid.

Bank rescues are dominating equity investor sentiment globally. Picture: Gaye Gerard
Bank rescues are dominating equity investor sentiment globally. Picture: Gaye Gerard

Welcome to the Trading Day blog for Monday, March 20. The Australian sharemarket slumped to its lowest close since early November amid jitters following the UBS buyout of Credit Suisse.

The S&P/ASX 200 index fell 1.4 per cent to 6898.50.

The dollar was buying US66.90c at the close.

Read related topics:ASXQantasSuncorp

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-to-fall-ubscredit-suisse-deal-in-focus/live-coverage/4f3a8fb4a11858834f13ade14ca63bba