AU Evening Wrap: ASX Resumes Slide as Iron Ore Giants Fall
$S&P/ASX 200(.XJO.AU$ ended 0.7% lower at 7468.5, even as data out Wednesday showed the lowest inflation reading since January 2022, raising hopes of interest rate cut later this year.
The materials sector led the losses, falling 2.1%. Iron ore companies $BHP Group Ltd(BHP.AU$, $Rio Tinto Ltd(RIO.AU$ and $Fortescue Ltd(FMG.AU$ lost 2.3%, 2.3% and 1.8% respectively.
The major banks were lower, falling between 0.2% and 0.9%.
General insurers $QBE Insurance Group Ltd(QBE.AU$, $Suncorp Group Ltd(SUN.AU$ and $Insurance Australia Group Ltd(IAG.AU$ were closed down 0.8%, 0.9% and 2.4% respectively.
$Worley Ltd(WOR.AU$ recommenced trading after going into halt in relation to media reporting related to an arbitration case in Ecuador. It fell 2.3% for the day.
$Alumina Ltd(AWC.AU$ was the best performing stock for the second day in a row, after the Alcoa refinery shutdown boosted its share price. It closed up 17%.
S&P/ASX 200 Movers for Wednesday (Jan/10)
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 Wednesday (Jan/10)
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, AFR
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