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ASX 200 ends the week lower as tech stocks slump; Chris Bowen slams Santos chief

ASX suffers broad losses amid EU rate jitters; Aurizon jumps on East Coast sale; Mineral Resources moves on Norwest; Chris Bowen slams Santos chief and coal miners gain.

Global pre-Christmas rate rises are sending shockwaves through equity markets. Picture: Gaye Gerard
Global pre-Christmas rate rises are sending shockwaves through equity markets. Picture: Gaye Gerard

Welcome to the Trading Day blog for Friday, December 16. The Australian sharemarket dropped on broad falls led by utilities and tech amid jitters on the EU's interest rate outlook.

The S&P/ASX 200 index fell 56.10 points, or by 0.8 per cent, to 7148.70.

On Wall Street, the S&P 500 lost 2.5 per cent, the Nasdaq shed 3.2 per cent and the Dow Jones fell 2.3 per cent, marking its worst day since September.

The dollar was near US67.03c at the close.

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-to-fall-wall-street-dives-as-ecb-boe-hike-rates/live-coverage/bd0182af0050e93727d6f2541aab5196