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ASX 200 falls, enters technical correction; retail data adds to rate hike case

ASX 200 now down 10.4 per cent from February peak. Retail sales beat estimates. Qantas to fight ACCC 'ghost flight' case. Bell Rock sells 35 million Whitehaven shares. Tietto jumps. Star Entertainment, IGO drop.

Lilly Vitorovich, David Rogers and Megan Neil
The ASX is set to drop following losses on Wall Street ahead of the RBA’s next rate move on Tuesday. Picture: Dan Himbrechts/AAP Image
The ASX is set to drop following losses on Wall Street ahead of the RBA’s next rate move on Tuesday. Picture: Dan Himbrechts/AAP Image
less than 2 min read
6:12AMOctober 30, 2023.
Updated 5:06PMOctober 30, 2023
The Australian Business Network

Welcome to the Trading Day blog for Monday, October 30. The ASX 200 index closed 0.8 per cent lower at 6772.90 points, a new 12-month low.

The Aussie dollar is near US63.52c.

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-trading-asx-200-to-slump-after-us-losses-as-investors-await-next-rba-rate-move/live-coverage/906a28420a7a9706912248a88b297137