Live: ASX 200 closes lower; Domino's, Pendal shares dive
Stocks close sharply lower. Woolies shares on track for new low. Bravura sinks on earnings downgrade. A2 Milk soars on US formula nod. Perpetual books gains on Regal bid rejection. Austrac orders Sportsbet, Bet365 audits.
Welcome to the Trading Day blog for Thursday, November 3. ASX 200 closes sharply down on Wall Street falls. Bravura sinks on earnings downgrade. A2 Milk soars on US formula nod. Perpetual books gains on Regal bid rejection. Austrac orders Sportsbet, Bet365 audits. Woolworths down on weak quarter.
ASX 200 closes down 1.8 per cent at 6857.9, hitting a three-day low with all sectors in the red except communications.
On Wall Street, the S&P 500 fell 2.5 per cent on a volatile trading day as the technology-focused Nasdaq Composite Index lost 3.4 per cent and the Dow Jones Industrial Average closed 1.6 per cent weaker.
The US central bank lifted rates by 75 basis points for the fourth consecutive time, saying talk of any pause in hikes was ‘premature’.
US 10-year bond yields rose to near 4.08 per cent and US two-year yields also lifted to 4.60 per cent.
Oil prices are higher with global benchmark Brent crude up 1.6 per cent to $US96.16 per barrel and the US Nymex 1.8 per cent stronger at $US90.00 per barrel.
The gold futures price was up 0.1 per cent to $US1650 an ounce while iron ore futures rose 2.6 per cent to $US82.10.
The Aussie dollar is trading around US63.35c at 10.45am AEDT.
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Originally published as Live: ASX 200 closes lower; Domino's, Pendal shares dive
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