Big four banks suffer losses in early trade as Australian share market slides

  • 📰 newscomauHQ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 77%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

DEVELOPING: It took just 15 minutes for the Australian stock market to be savaged. With as much as $22 billion wiped off by nervous traders.

The benchmark S&P/ASX200 index was down 65.2 points, or 1.05 per cent, to 6130.0 points at 1030 AEDT today, while the broader All Ordinaries was down 66.1 points, or 1.05 per cent, at 6214.8.The sell-off led to $22 billion dollars wiped from the boards, led by the banks and miners.

Oil prices and industrial metals are also subdued, with the local energy and mining sectors among the hardest hit at the open. South32, BlueScope Steel, and Fortescue Metals were also deep in the red, with only the gold miners providing lustre amid the volatility.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Expect fees to go up

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines