AU Evening Wrap: Australia Shares Drop 1.9% as Global Interest Rates Rise
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
• 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.
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)
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"
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)
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"
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
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