ASX 200 live: ASIC sues Binance; Insignia rejects Bain bid; Chalmers spending challenges RBA fight
Financial regulator targets crypto giant over alleged customer fails. Insignia rejects Bain bid. Chalmers' spending plans to challenge RBA fight. ANZ facing more regulatory scrutiny. Aus economy in 'reasonable shape': NAB CEO.
Welcome to the Trading Day blog for Wednesday, December 18. The ASX 200 index bounced up and down, closing 0.1 per cent lower to 8309.40 points.
On Wall Street, the Dow Jones index marked a nine-day losing streak - its longest since 1978 - falling by 0.6 per cent. The S&P 500 index closed 0.4 per cent lower and the technology-focused Nasdaq index shed 0.3 per cent.
Cryptocurrency market leader bitcoin hit a high of $US108,000, but is currently below $US104,000.
The Aussie dollar is trading around US63.14c at 4.50pm AEDT.
More Coverage
Originally published as ASX 200 live: ASIC sues Binance; Insignia rejects Bain bid; Chalmers spending challenges RBA fight
Building giant in voluntary administration
Another major Australian property developer has entered administration, citing difficult conditions in the country’s ailing construction sector.
’On its knees’: Major industry in crisis
In a year marred by brand collapses and the future of a key event hanging in the balance, it begs the question - what is going on in Australian fashion?