Australian Shares Extend Losses, Down 0.6%

  • Stock Market News
Australian Shares Extend Losses, Down 0.6%
Credit: © Reuters.

By Oliver Gray - The S&P/ASX 200 fell 43.9 points or 0.6% to 7446.2 during Thursday’s morning deals, extending losses of 0.5% in the previous session as market participants tracked a retreated on Wall Street overnight following the release of the Fed’s meeting minutes .

ASX 200 Futures were pointing 0.4% lower.

Among stocks, Information Technology fell 2.8% with Block Inc (ASX: SQ2 ) down 4.1%, Appen Ltd (ASX: APX ) dipping 1.5%, Novonix Ltd (ASX: NVX ) falling 4.1% and Wisetech Global Ltd (ASX: WTC ) down 3.9%.

Financials were hit as Macquarie Group Ltd (ASX: MQG ) fell 1.8%, Australia and New Zealand Banking Group Ltd (ASX: ANZ ) lost 1%, National Australia Bank Ltd (ASX: NAB ) fell 0.8%, Westpac Banking Corp (ASX: WBC ) lost 0.7% and Commonwealth Bank Of Australia (ASX: CBA ) dipped 0.9%.

Consumer Discretionary also lost 0.8% as JB Hi-Fi Ltd (ASX: JBH ) fell 1.3%, Aristocrat Leisure Ltd (ASX: ALL ) lost 2% and Tabcorp Holdings Ltd (ASX: TAH ) fell 0.9%.

On the bond markets, Australia 10-Year rates were at 2.893% while United States 10-Year yields were at 2.566%.

In New Zealand, the NZX 50 lost 0.6% to 12,011.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or