ASX 200 sees losing streak reach seven weeks; Block dives on Hindenburg report, AMP completes Collimate Capital sale
Losing streak at seven weeks. Block tanks on Hindenburg report. Estia Health soars on Bain bid. BWX suspended over refinancing cloud. AMP completes first step in Collimate sale.
Welcome to the Trading Day blog for Friday, March 24. The Australian sharemarket has extended its worst losing streak since the Global Financial Crisis to seven consecutive weeks as investors remain cautious on banks.
The S&P/ASX 200 index fell 0.2 per cent to 6955.20. For the week, the index lost a further 0.6 per cent.
Wall Street was set for a subdued opening with futures tied to the Dow Jones and S&P 500 up 0.1 per cent, while the Nasdaq was set to open flat.
The dollar was buying US66.85c at the close.
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