ASX 200 hits two-week low; Telstra sets six-year high, Blackmores soars on Kirin bid
Telstra sets best close in six years. Blackmores rockets on $1.85bn Kirin bid. Downer slashes 400 jobs. Guidance cut hits United Malt. ANZ warns nationalism a threat for lithium.
Welcome to the Trading Day blog for Thursday, April 27. The Australian sharemarket fell to a two-week low as concerns about the US banking sector weighs heavily on locals banking stocks.
The S&P/ASX 200 retreated 0.3 per cent to 7292.70 as six of the 11 sectors closed in the red.
Wall Street is set for a positive start this evening with futures tied to the S&P 500 up 0.4 per cent, 0.7 per cent for the Nasdaq and a 0.1 per cent jump for the Dow Jones.
The dollar was buying about US66.30c at the close.
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