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AU Evening Wrap: Australia Shares Drop 1.9% as Global Interest Rates Rise

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Moomoo News AU wrote a column · Sep 23, 2022 01:45
G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed sharply lower Friday, dropping 125.50 points or 1.87% to 6,574.70 and setting a new 20-day low.
• Top gainers: $Whitehaven Coal Ltd(WHC.AU)$ $Zimplats Holdings Ltd(ZIM.AU)$ $Rio Tinto Ltd(RIO.AU)$
• Top losers: $Xero Ltd(XRO.AU)$ $Centuria Capital Group(CNI.AU)$ $Novonix(NVX.AU)$
- moomoo News AU
Australia's $S&P/ASX 200(.XJO.AU)$ closed 1.9% lower at 6574.7, tumbling to its lowest close since July 1 as investors responded to rising global interest rates.

The benchmark index opened lower following a one-day pause as Australia mourned Queen Elizabeth's death, and steadily declined through the session before stabilizing late on.

It shed 2.4% for the week and has lost ground in four of the last five weeks. All 11 sectors fell, led by tech, consumer discretionary and real estate.

$Block Inc(SQ2.AU)$ and $Xero Ltd(XRO.AU)$ were the two biggest losers, dropping 8.9% and 7.8%, respectively.

Only 11 component stocks rose, led by coal miners $Whitehaven Coal Ltd(WHC.AU)$ and $New Hope Corp Ltd(NHC.AU)$. Materials was the best-performing sector, losing just 0.5% for both the day and week.
S&P/ASX 200 Movers for Friday (23/9)
AU Evening Wrap: Australia Shares Drop 1.9% as Global Interest Rates Rise
How to find the above information in moomoo app:
1. Open moomoo app

2. Search for and tap on ".XJO"

3. Roll down to see "Constituent Stocks"

4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Friday (23/9)
AU Evening Wrap: Australia Shares Drop 1.9% as Global Interest Rates Rise
How to find the above information in moomoo app:

1. Open moomoo app

2. Tap your finger on "Market" and "AU"

3. Roll down and tap on "Main Board"

4. You can filter the list based on "Turnover"

Source: Dow Jones Newswires, The Market Herald
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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