ASX 200 opens lower; what’s weighing on the index? | AU Market Updates

The Australia’s benchmark equity index ASX 200 opened marginally lower on Tuesday, down 4.60 points to 6776.30, after US stock markets closed mixed weighed by traditional blue-chip stocks. On Monday, the S&P 500 closed down 0.77 per cent to 3876.50. The Dow Jones Industrial Average was up 0.09 per cent to 31521.69. The tech-heavy NASDAQ Composite Index was down 2.46 per cent to 13533.05 and the small-cap Russell 2000 ticked down 0.69 per cent to 2251.09. Who gained, who lost Costa Group Holdings (up 12.97 per cent) and Webjet Ltd (up 8.92 per cent) were among the top gainers in the opening trade on the ASX 200.

The broader All Ordinaries index was down 0.076 per cent, while the ASX 200 VIX Index was down 2.131 per cent. While Metals & Mining was up 0.112 per cent, Information Technology was down 1.495 per cent.

How Australian Dollar, Oil and Bitcoin performed

AUD/USD was trading up 0.41 per cent at 0.7915.

WTI Crude Oil (Futures) rallied by 4.89 per cent to US$62.16 a barrel. The Australian government’s 10-year bond yields stood at 1.628 per cent, up 2.1 per cent.

After rallying past US$58,300, Bitcoin crashed over 15 per cent on Monday as US Treasury Secretary Janet Yellen called the popular cryptocurrency “highly speculative” and “inefficient” for the transaction. Bitcoin was trading down nearly 6 per cent to US$54,122.79.

 


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