Market Close Commentary

  • Nov 21, 2019 AEDT
  • Team Kalkine

The S&P/ASX 200 Index continued its losing streak for the second day running, shedding 0.7 % or 49.5 point to close at 6,672.9 points. All Ordinaries index also finished 0.7 % or 50.6 points lower at 6777.7 points.

Markets have reacted around the uncertainty between the trade woes between the US and China. The major concerns were around the possibility of not completing the phase one trade deal by the end of December 2019. Meanwhile, the legislators in the US had passed a bill in a bid to support protestors in Hong Kong.

Domestically, major banks also followed the losing streak, and concerns were pointed to the anti-money laundering proceedings against Westpac Banking Corporation (ASX: WBC).

Some of the best & worst performing stocks in S&P/ASX 200 today:

 

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There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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